Indiana § 36-9-37-45 Municipalities no longer using Barrett Law; transfer of surplus money

Indiana Statutes

§ 36-9-37-45 — Municipalities no longer using Barrett Law; transfer of surplus money

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 37 Barrett Law Funding for Municipalities

Notwithstanding any other statute, a municipality may by ordinance transfer the surplus Barrett Law account money to the general fund or general improvement fund of the municipality if the following conditions are met:

(1)The municipality:

(A)has money in the surplus Barrett Law account;

(B)has established a general improvement fund under IC 36-9-17 or a similar statute; and

(C)no longer uses the Barrett Law for public improvements.

(2)There are no obligations or potential obligations arising out of the operation of the Barrett Law for which the surplus Barrett Law account money was accumulated or may be used.

(3)Notice of intention to transfer the surplus Barrett Law account money to the general fund or general improvement fund has been published in accordance with IC 5-3-1.

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Notwithstanding any other statute, a
municipality may by ordinance transfer the surplus Barrett Law
account money to the general fund or general improvement fund of the
municipality if the following conditions are met:
(1) The municipality:
(A) has money in the surplus Barrett Law account;
(B) has established a general improvement fund under IC 36-9-17 or a similar statute; and
(C) no longer uses the Barrett Law for public improvements.
(2) There are no obligations or potential obligations arising out of
the operation of the Barrett Law for which the surplus Barrett Law
account money was accumulated or may be used.
(3) Notice of intention to transfer the surplus Barrett Law account
money to the general fund or general improvement fund has been
published in accordance with IC 5-3-1.

Indiana § 36-9-37-45 (Municipalities no longer using Barrett Law; transfer of surplus money) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.