§ 36-9-26-2 — Authority to establish fund; purposes

(a) A municipality may, by ordinance, establish
a cumulative building and sinking fund under IC 6-1.1-41 to provide
money for one (1) or more of the following purposes:
(1) The planning, erection, remodeling, extension, and repair of
sewage disposal plants and sewers to convey sanitary sewage to
those plants.
(2) The construction, remodeling, repair, and extension of storm
sewers.
(3) Relief sewers and drains in aid of the sanitary system or storm
sewers.
(4) The payment of the municipality's part of the costs of any
public sewer or drainage project that:
(A) lies partly or wholly within the municipality; and
(B) aids or is connected to the sewage collection or drainage
system of the municipality.
(5) The payment of the part of any project that is allocable to
property owners by special assessment under IC 36-9-39, for
repayment to the cumulative building and sinking fund.
(b) The statement for repayment under subsection (a)(5) shall be
mailed to the property owner separately from the property tax
statement.
[Pre-Local Government Recodification Citations: 18-6-6-1
part; 18-6-6-5 part.]
As added by Acts 1981, P.L.309, SEC.100. Amended by
P.L.98-1993, SEC.15; P.L.17-1995, SEC.37.