Indiana § 5-11-1-4 Annual report required for approval of budget, supplemental
appropriations or for issuance of debt

Indiana Statutes

§ 5-11-1-4 — Annual report required for approval of budget, supplemental appropriations or for issuance of debt

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 11 ACCOUNTING FOR PUBLIC FUNDS·Ch. 1 State Board of Accounts Created

(a)The state examiner shall require from every audited entity financial reports covering the full period of each fiscal year. These reports shall be prepared, verified, and filed with the state examiner as set forth in the uniform compliance guidelines. The reports must be in the form and content prescribed by the state examiner and filed electronically in the manner prescribed under IC 5-14-3.8-7.

(b)The department of local government finance may not approve the budget of a political subdivision or a supplemental appropriation for a political subdivision until the political subdivision files an annual report under subsection (a) for the preceding calendar year.

(c)As used in this subsection, "bonds" means any bonds, notes, or other evidences of indebtedness, whether payable from proper

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(a) The state examiner shall require from every
audited entity financial reports covering the full period of each fiscal
year. These reports shall be prepared, verified, and filed with the state
examiner as set forth in the uniform compliance guidelines. The reports
must be in the form and content prescribed by the state examiner and
filed electronically in the manner prescribed under IC 5-14-3.8-7.
(b) The department of local government finance may not approve
the budget of a political subdivision or a supplemental appropriation
for a political subdivision until the political subdivision files an annual
report under subsection (a) for the preceding calendar year.
(c) As used in this subsection, "bonds" means any bonds, notes, or
other evidences of indebtedness, whether payable from property taxes,
other taxes, revenues, fees, or any other source. However, the term does
not include notes, warrants, or other evidences of indebtedness that
have a maturity of not more than five (5) years and that are made in
anticipation of and to be paid from revenues of the political
subdivision. Notwithstanding any other law, a county or municipality
may not issue any bonds unless the county or municipality has filed an
annual financial report with the state examiner for the preceding fiscal
year. The requirements under this subsection for the issuance of bonds
by a county or municipality are in addition to any other requirements
imposed under any other law. This subsection applies to the issuance
of bonds authorized under any statute, regardless of whether that
statute specifically references this subsection or the requirements under
this subsection.
Formerly: Acts 1909, c.55, s.4. As amended by Acts 1980,
P.L.30, SEC.4; P.L.3-1986, SEC.9; P.L.44-1991, SEC.1; P.L.50-2000,
SEC.2; P.L.189-2005, SEC.1; P.L.176-2009, SEC.3; P.L.172-2011,
SEC.11; P.L.137-2012, SEC.8; P.L.184-2015, SEC.5; P.L.244-2017,
SEC.5; P.L.157-2020, SEC.3; P.L.59-2023, SEC.3.

Indiana § 5-11-1-4 (Annual report required for approval of budget, supplemental appropriations or for issuance of debt) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.