§ 36-9-29.1-15 — Additional tax levy; flood control maintenance and general expense fund; temporary loans; insufficient funds

Indiana § 36-9-29.1-15

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 29.1: Flood Control District in Marion County

Text

(a) For the purpose of:
(1) providing for the payment of all general expenses of the board,
including salaries of officers and employees and other items of
expense not properly chargeable into the cost of any property
acquired or work done under any resolution of the board for
which flood control district bonds are issued; and
(2) providing for the operation, maintenance, and repair of any
levees, dikes, retaining walls, reservoirs, drains, and other works
and improvements in or along any watercourse designed to
prevent damage and injury through floods, and other permanent
works constructed, including the repair and maintenance of
equipment or the performance of any duty imposed by this
chapter;
a tax of not exceeding one and thirty-three hundredths cents ($0.0133)
on each one hundred dollars ($100) of taxable property in the district
as it appears on the tax duplicates, in addition to all other taxes, shall
be levied annually by the city-county legislative body for flood control
purposes. The county auditor shall estimate the taxes and enter them
upon the tax duplicate, and the county treasurer shall collect and
enforce the taxes, in the same manner as state and county taxes are
estimated, entered, collected, and enforced.
(b) The county treasurer shall, between the first and tenth days of
each month, notify the board of the amount of such taxes collected for
flood control purposes during the preceding month, and upon the date
of notification the county treasurer shall credit an account to be known
as the "flood control maintenance and general expense fund" with such
amount of taxes for flood control purposes as may have been collected
at that time. The fund shall be used and expended only for the purposes
prescribed by this chapter. The board may expend on behalf of the
district all sums of money thus realized. Warrants for these
expenditures shall be drawn by the fiscal officer of the consolidated
city upon the vouchers of the board.
(c) The board may by resolution authorize and make temporary
loans in anticipation of revenues actually levied under this section,
which loans mature and shall be paid within one (1) year from the date
of the making of the loan, with interest payable at the maturity of the
loan. The warrants or other evidence of these loans shall be sold for not
less than par, and before the making of the loan, notice of the time,
place, amount, and terms of making of the loan shall be given by
publication in accordance with IC 5-3-1. The warrants import no
personal obligation for their payment and are payable only out of the
tax so levied.
(d) All money remaining in any of the funds to the credit of the
board at the end of the calendar year continues to belong to these funds
respectively, to be used by the board for the respective purposes for
which the funds are created. All funds raised under this section shall be
deposited at interest with the depository or depositories of other public
funds of the consolidated city, and all interest collected on them
belongs to them.
(e) In the event that the revenues in the "flood control maintenance
and general expense fund" of the district are at any time insufficient,
the consolidated city may appropriate money out of its general fund for
the use and benefit of the district, which amount so appropriated and
used shall be returned and repaid to the city out of the first available
funds by the board.
As added by Acts 1982, P.L.77, SEC.24. Amended by
P.L.6-1997, SEC.229.