§ 36-9-27.8-15 — Duties of fiscal officer

Indiana § 36-9-27.8-15

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 27.8: Subdivision Drain Repair Pilot Program

Text

(a) The fiscal officer shall:
(1) establish a subdivision drain repair fund; and
(2) create a separate account within the fund for each subdivision
with which the executive enters into a contract under this chapter.
(b) The fund established under subsection (a) shall be administered
by the fiscal officer. Money in the fund not currently needed to meet
the obligations of the fund may be invested in the same manner as other
public funds may be invested. Interest that accrues from these
investments shall be deposited in the fund. Money in the fund at the
end of a fiscal year does not revert to the unit's general fund.
(c) The fiscal officer shall deposit assessments imposed on owners
of property in a subdivision into the account created under subsection
(a)(2) for that subdivision unless the assessments are immediately
needed to pay the cost of repairing subdivision drains in that
subdivision.
(d) The fiscal officer may withdraw money from the account of a
subdivision as needed to pay the cost of repairing subdivision drains in
that subdivision.

Legislative History

As added by P.L.139-2018, SEC.2.