Indiana § 8-1-11.1-7 Expenses; procedure for payment

Indiana Statutes

§ 8-1-11.1-7 — Expenses; procedure for payment

Indiana § 8-1-11.1-7

Art. 1UTILITIES GENERALLY

Ch. 11.1Department of Public Utilities of Consolidated City

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Bluebook

Ind. Code § 8-1-11.1-7 (2026).

Text

All preliminary expenses actually incurred by
such board of directors in providing necessary records, the employment
of clerks, engineers, attorneys and other employees, the making of
surveys, and all other expenses of whatsoever nature necessary to be
paid prior to the actual taking over and operation of any utility plant
and the collection of revenues therefrom, shall be met and paid in the
following manner: Said board of directors for utilities shall from time
to time certify such items of expense to the controller of such city,
directing the controller to pay the several amounts of the items of
expense, and thereupon said controller shall at once draw a warrant or
warrants upon the county treasurer, which warrant or warrants shall be
paid out of the general funds of such city not there

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All preliminary expenses actually incurred by
such board of directors in providing necessary records, the employment
of clerks, engineers, attorneys and other employees, the making of
surveys, and all other expenses of whatsoever nature necessary to be
paid prior to the actual taking over and operation of any utility plant
and the collection of revenues therefrom, shall be met and paid in the
following manner: Said board of directors for utilities shall from time
to time certify such items of expense to the controller of such city,
directing the controller to pay the several amounts of the items of
expense, and thereupon said controller shall at once draw a warrant or
warrants upon the county treasurer, which warrant or warrants shall be
paid out of the general funds of such city not theretofore appropriated,
without a special appropriation being made for the payment of the
warrant or warrants by the city-county council; or in case there are no
such general funds of said city not otherwise appropriated, the city
controller shall recommend to the city-county council the temporary
transfer of other funds of such city as is necessary to meet such items
of expense, or the making of a temporary loan for such purpose, and
such council shall, thereupon at once make such transfer of funds or
authorize such temporary loan in the same manner that other temporary
loans are made by such city. However, the fund or funds of such city
from which such payments are made shall be fully reimbursed and
repaid with six percent (6%) interest by such board of directors for
utilities out of the first receipts from the operation of any such utility
by said board which are not needed to defray current operating
expenses and the expenses of imperative betterments.
[Pre-Local Government Recodification Citation:
19-3-24-7.]
As added by Acts 1981, P.L.11, SEC.43. Amended by
P.L.136-2018, SEC.62.