§ 4-35-8.3-5 — Distributions to political subdivisions

Indiana § 4-35-8.3-5

• Jurisdiction: Indiana
• Art. 35: GAMBLING GAMES AT RACETRACKS
• Ch. 8.3: Historic Hotel District Community Support Fee

Text

(a) Money distributed to a political subdivision
under section 4 of this chapter:
(1) must be paid to the fiscal officer of the political subdivision
and may be deposited in the political subdivision's general fund
(in the case of a school corporation, the school corporation may
deposit the money into either the education fund (IC 20-40-2) or
the operations fund (IC 20-40-18)) or riverboat fund established
under IC 36-1-8-9, or both;
(2) may not be used to reduce the maximum levy under IC 6-1.1-18.5 of a county, city, or town or the maximum tax rate of
a school corporation, but, except as provided in section 4(2) of
this chapter, may be used at the discretion of the political
subdivision to reduce the property tax levy of the county, city, or
town for a particular year;
(3) except as provided in section 4(2) of this chapter, may be used
for any legal or corporate purpose of the political subdivision,
including the pledge of money to bonds, leases, or other
obligations under IC 5-1-14-4; and
(4) is considered miscellaneous revenue.
(b) Money distributed under section 4(2) of this chapter must be
used for the purposes specified in section 4(2) of this chapter.

Legislative History

As added by P.L.255-2015, SEC.45. Amended by P.L.149-2016, SEC.14; P.L.238-2019, SEC.3.