Indiana Statutes
§ 6-7-1-31.1 — Cities and towns; cumulative capital improvement fund; use
Indiana § 6-7-1-31.1
This text of Indiana § 6-7-1-31.1 (Cities and towns; cumulative capital improvement fund; use) 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 § 6-7-1-31.1 (2026).
Text
1.
(a)The fiscal body of each city and the
fiscal body of each town shall, by ordinance or resolution, establish a
cumulative capital improvement fund for the city or town. Except as
otherwise provided in subsection (c), the city or town may only use
money in its cumulative capital improvement fund:
(1)to purchase land, easements, or rights-of-way;
(2)to purchase buildings;
(3)to construct or improve city owned property;
(4)to design, develop, purchase, lease, upgrade, maintain, or
repair:
(A)computer hardware;
(B)computer software;
(C)wiring and computer networks; and
(D)communications access systems used to connect with
computer networks or electronic gateways;
(5)to pay for the services of full-time or part-time computer
maintenance employees;
(6)to conduct nonrecurring in-se
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Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-7-1-31.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-7-1-31.1.