Indiana Statutes
§ 8-22-2-16 — Transfer of funds to general fund of entity
Whenever the board of an eligible entity
accumulates funds that are derived from sources other than from the
operation of the airport and that are not needed for the operation or
maintenance of the airport, the board, upon a majority vote of its
members, may without notice transfer all or part of the funds to the
general fund of the entity if the funds were not derived from taxation.
This section does not apply to funds derived from lands leased from the
federal government.
[Pre-Local Government Recodification Citation:
19-6-1-18.]
As added by Acts 1980, P.L.8, SEC.73.
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Repealed