§ 36-9-27-113 — Investment of funds; consolidation; credit of interest earned

Indiana § 36-9-27-113

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 27: Drainage Law

Text

(a) For the purpose of investment, the
county treasurer may consolidate part or all of the money in any fund
established under this chapter with the money in any other fund
established under this chapter or other money held by the county
treasurer.
(b) Unless the invested money is from a maintenance fund
established under section 44 of this chapter, the county treasurer shall
credit interest from an investment of a fund created under this chapter
to that fund.
(c) The county treasurer may credit interest earned from an
investment of a maintenance fund established under section 44 of this
chapter into the general drainage improvement fund established under
section 73 of this chapter.
(d) Within an account, the county treasurer may credit interest to
particular drainage accounts in any fair and rational manner.

Legislative History

As added by P.L.206-1984, SEC.13.