§ 36-9-4-51 — Review of annual budget and tax levies

(a) The board of directors of a public
transportation corporation shall prepare an annual budget for the
expenditures of the corporation.
(b) This subsection applies only when a municipality, having
operated an urban mass transportation system under a department of
municipal government, establishes a public transportation corporation
under section 10 of this chapter to maintain that system. The annual
operating and maintenance budget for the corporation shall be subject
to review and modification by the legislative body of the municipality.
(c) A public transportation corporation may not impose a property
tax levy on property that it has not taxed before January 1, 1982, and
that lies outside the corporate boundaries of the municipality without
the approval of the fiscal body or county council of the county in which
the municipality is located.
(d) The budget and any tax levies prepared by the board shall be
prepared and submitted at the same time, in the same manner, and with
the same notice as is prescribed by IC 6-1.1-17 for the annual budget
of the municipality. The department of local government finance may
review the budget and tax levies in the same manner by which the
department reviews budgets and tax levies of the municipality.
[Pre-Local Government Recodification Citation:
19-5-2-30.]
As added by Acts 1981, P.L.309, SEC.77. Amended by Acts
1982, P.L.217, SEC.2; P.L.90-2002, SEC.507; P.L.257-2019,
SEC.159.