Indiana § 6-1.1-17-20.4 Review of proposed budget and levy of public libraries with excessive
cash balance of funds derived from tax revenue

Indiana Statutes

§ 6-1.1-17-20.4 — Review of proposed budget and levy of public libraries with excessive cash balance of funds derived from tax revenue

Indiana § 6-1.1-17-20.4

Art. 1.1PROPERTY TAXES

Ch. 17Procedures for Fixing and Reviewing Budgets, Tax

This text of Indiana § 6-1.1-17-20.4 (Review of proposed budget and levy of public libraries with excessive cash balance of funds derived from tax revenue) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-1.1-17-20.4 (2026).

Text

4.

(a)This section applies only if on December 31, as reported in the public library's annual report under IC 5-11-1-4, the cash balance of all funds of the public library derived from tax revenue is greater than one hundred fifty percent (150%) of the public library's certified budget for the ensuing year.

(b)If section 20.3(a)(2) of this chapter does not apply, the fiscal body of a city, town, or county may adopt a resolution to require the public library to submit its proposed budget and property tax levy to the city, town, or county fiscal body as set forth in section 20.3(c) or 20.3(d) of this chapter (whichever is applicable) for binding review and approval as set forth under section 20.3 of this chapter. However, the fiscal body of the city, town, or county may not reduce a public

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4. (a) This section applies only if on
December 31, as reported in the public library's annual report under IC 5-11-1-4, the cash balance of all funds of the public library derived
from tax revenue is greater than one hundred fifty percent (150%) of
the public library's certified budget for the ensuing year.
(b) If section 20.3(a)(2) of this chapter does not apply, the fiscal
body of a city, town, or county may adopt a resolution to require the
public library to submit its proposed budget and property tax levy to the
city, town, or county fiscal body as set forth in section 20.3(c) or
20.3(d) of this chapter (whichever is applicable) for binding review and
approval as set forth under section 20.3 of this chapter. However, the
fiscal body of the city, town, or county may not reduce a public library's
proposed budget or tax levy in a budget year under this section by more
than ten percent (10%) of the public library's operating levy in the
immediately preceding budget year.
(c) A resolution may be adopted under this section not later than
July 1. A resolution adopted under this section remains in full force and
effect until the December 31 cash balance of all funds of the public
library derived from tax revenue, as reported in the public library's
annual report under IC 5-11-1-4, no longer exceed one hundred fifty
percent (150%) of the public library's certified budget for the ensuing
year.
(d) Before a fiscal body may adopt a resolution under this section,
the fiscal body must hold a public hearing on the proposed resolution
and provide the public with notice of the time and place where the
public hearing will be held. The notice required by this subsection must
be given in accordance with IC 5-3-1 and include the proposed
resolution. In addition to the notice required by this subsection, the
fiscal body shall also provide a copy of the notice to all taxing units in
the city, town, or county at least thirty (30) days before the public
hearing.
(e) A resolution adopted by a fiscal body under this section shall be
submitted to:
(1) the department of local government finance; and
(2) the public library;
not later than five (5) days after the date the resolution is adopted.