§ 6-1.1-17-16.7 — Proposals to establish cumulative funds or sinking funds; submission to department of local government finance

Indiana § 6-1.1-17-16.7

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 17: Procedures for Fixing and Reviewing Budgets, Tax

Text

7. (a) A political subdivision that in any
year adopts a proposal to establish a cumulative fund or sinking fund
under any of the following provisions must submit the proposal to the
department of local government finance before August 2 of that year,
for years before 2018, and before May 1 of that year, for years after
2017:
IC 3-11-6
IC 8-10-5
IC 8-16-3
IC 8-16-3.1
IC 8-22-3
IC 14-27-6
IC 14-33-21
IC 16-22-5
IC 16-22-8
IC 36-8-8-14.2
IC 36-8-14
IC 36-9-4
IC 36-9-14
IC 36-9-14.5
IC 36-9-15
IC 36-9-15.5
IC 36-9-16
IC 36-9-17
IC 36-9-26
IC 36-9-27
IC 36-10-3
IC 36-10-4
IC 36-10-7.5
(b) If a proposal described in subsection (a) is not submitted to the
department of local government finance before August 2 of a year, for
years before 2018, and before May 1 of a year, for years after 2017, the
political subdivision may not levy a tax for the cumulative fund or
sinking fund in the ensuing year.

Legislative History

As added by P.L.41-1993, SEC.17. Amended by P.L.2-1995, SEC.23; P.L.1-1995, SEC.45; P.L.90-2002, SEC.158; P.L.184-2016, SEC.12; P.L.159-2020, SEC.25.