§ 36-9-15-2 — Authorization of funds and tax levies

Indiana § 36-9-15-2

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 15: Cumulative Building Fund, Sinking Fund, and Debt

Text

(a) A county fiscal body may establish
cumulative building funds under IC 6-1.1-41 or sinking funds in the
same manner as cumulative funds are established under IC 6-1.1-41 for
the:
(1) construction, repair, remodeling, enlarging, and equipment of:
(A) a county jail; or
(B) a juvenile detention center to be operated under IC 31-31-9;
(2) purchase, lease, or payment of all or part of the purchase price
of motor vehicles for the use of a community corrections program;
or
(3) in a county having a consolidated city, purchase, lease, or
payment of all or part of the purchase price of motor vehicles for
the use of the sheriff's department.
(b) The county fiscal body may levy taxes to provide money for:
(1) cumulative building funds established under this chapter in
compliance with IC 6-1.1-41; or
(2) sinking funds established under this chapter in the same
manner a tax is levied for a cumulative fund under IC 6-1.1-41.
(c) IC 6-1.1-41 applies to a sinking fund under this chapter to the
same extent as if the sinking fund was a cumulative fund.
[Pre-Local Government Recodification Citation: 17-3-84-1
part.]
As added by Acts 1981, P.L.309, SEC.88. Amended by
P.L.82-1985, SEC.5; P.L.17-1995, SEC.31; P.L.1-1997, SEC.156;
P.L.67-2012, SEC.6.