Indiana Statutes

§ 36-9-16-3 — Cumulative capital improvement fund; additional purposes

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 16 Municipal Cumulative Building or Sinking Fund and

A unit may establish cumulative capital improvement funds to provide money for one (1) or more of the following purposes:

(1)To acquire land or rights-of-way to be used for public ways or sidewalks.
(2)To construct and maintain public ways or sidewalks.
(3)To acquire land or rights-of-way for the construction of sanitary or storm sewers, or both.
(4)To construct and maintain sanitary or storm sewers, or both.
(5)To acquire, by purchase or lease, or to pay all or part of the purchase price of a utility.
(6)To purchase or lease land, buildings, or rights-of-way for the use of any utility that is acquired or operated by the unit.
(7)To purchase or acquire land, with or without buildings, for park or recreation purposes.
(8)To purchase, lease, or pay all or part of the purchase price o

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