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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Related
Board of Commissioners of Clark County v. Indiana Department of Local Government Finance
31 N.E.3d 552 (Indiana Tax Court, 2015)
Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
Repealed