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Indiana Code — Title 6 (Taxation)

IC 6-1.1-18-7

Insurance funds; appropriations

Official textiga.in.govlast amended

Sec. 7. Notwithstanding the other provisions of this chapter, the fiscal officer of a political subdivision may appropriate funds received from a person (as defined in IC 6-1.1-1-10) if:

# (1)

the funds are received as a result of damage to property of the political subdivision;
and

# (2)

the funds are appropriated for the purpose of repairing or replacing the damaged property.
However, this section applies only if the funds are in fact expended to repair or replace the property within the twelve (12) month period after they are received.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-24 part.]
Formerly: Acts 1975, P.L.47, SEC.

# 1.

As amended by P.L.173-2003, SEC.8; P.L.164-2019,
SEC.

# 2.

Amendment history

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.173-2003, SEC.8; P.L.164-2019, SEC.2.

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Nearby sections (25 sections)
  1. 6-1.1-17-20.5 · Circumstances under which a taxing unit's proposed…
  2. 6-1.1-17-20.6 · Reporting the city, town, or county fiscal body that…
  3. 6-1.1-17-21 · Powers and duties of city controller in consolidated city
  4. 6-1.1-17-22 · Operating balance in debt service fund
  5. 6-1.1-17-23 · Budget and tax levy; limitation; previous year tax levy,
  6. 6-1.1-18-1 · Budget, tax rate, and tax levy; exceeding amount published
  7. 6-1.1-18-2 · Maximum state tax rate
  8. 6-1.1-18-3 · Maximum political subdivision tax rate
  9. 6-1.1-18-4 · Appropriations not to exceed budget
  10. 6-1.1-18-5 · Proposed additional appropriations; public hearing;
  11. 6-1.1-18-6 · Transfer of money from one budget classification to another
  12. 6-1.1-18-6.5 · Volunteer firefighting purposes; expenditures
  13. 6-1.1-18-7 · Insurance funds; appropriations
  14. 6-1.1-18-7.5 · Appropriation of state and federal grant funds
  15. 6-1.1-18-8 · Expenditure of state funds by political subdivisions;…
  16. 6-1.1-18-9 · Reappropriations from erroneous or excessive disbursements;
  17. 6-1.1-18-10 · Excessive appropriations; liability of officers; action…
  18. 6-1.1-18-11 · Conflicting provisions
  19. 6-1.1-18-12 · Adjustment of maximum tax rates after reassessment or
  20. 6-1.1-18-12.5 · Expired
  21. 6-1.1-18-13 · Repealed
  22. 6-1.1-18-14 · Expired
  23. 6-1.1-18-15 · Expired
  24. 6-1.1-18-16 · Expired
  25. 6-1.1-18-17 · Expired
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