§ 5-1-2-1 — Specific projects; lapse

Appropriations of money from the capital projects
fund and proceeds of bonds, notes, and other written obligations issued
by or in the name of any:
(1) county, township, city, incorporated town;
(2) school corporation or state educational institution; or
(3) other political, municipal, public or quasi-public corporation,
special assessment or taxing district, or any authorized body of
that corporation or district;
for a specific project shall not lapse at the end of the year in which the
appropriation was made, but shall remain in full force and effect
without reappropriation until the purpose for which the appropriation
was made has been accomplished or abandoned.
Formerly: Acts 1967, c.150, s.1. As amended by P.L.47-1989,
SEC.1; P.L.41-1993, SEC.2; P.L.2-2007, SEC.65.