§ 36-9-29-32 — Emergency flood control district fund

(a) The flood control board may establish an
"emergency flood control district fund", which may not exceed at any
time one hundred thousand dollars ($100,000). The emergency fund
shall be established out of money transferred from the flood control
district maintenance fund.
(b) Whenever the emergency fund is reduced below one hundred
thousand dollars ($100,000), the flood control board may transfer from
the maintenance fund the sum it considers necessary for the purpose of
replenishing the emergency fund.
(c) The county treasurer shall keep the emergency fund separate
from the other funds of the flood control district. Any unexpended sum
in the fund shall be retained from year to year to meet flood
emergencies as they arise.
(d) The sum in the emergency fund may not be considered in
making up the budget of the flood control district, except for the
purpose of determining the amount to be levied in order to replenish
the fund.
(e) All withdrawals from the emergency fund shall be used solely
for emergency purposes, and shall be made upon order of the flood
control board in the same manner as withdrawals from other funds of
the flood control district.
[Pre-Local Government Recodification Citation: 19-4-18-17
part.]
As added by Acts 1981, P.L.309, SEC.105. Amended by
P.L.356-1987, SEC.1.