Transfer of fund balance; revision

Official textiga.in.govlast amended 1995

Sec. 15. If the political subdivision establishing a fund:

# (1)

decides that the purposes for which the fund was established have been accomplished or no longer exist; or

# (2)

rescinds the tax levy for the fund;
the governing body establishing the fund for the political subdivision may transfer the balance in the fund to the general fund of the political subdivision. The money in a fund does not otherwise revert to the general fund of a political subdivision at the end of the political subdivision's fiscal year.
As added by P.L.17-1995, SEC.6.

Amendment history

As added by P.L.17-1995, SEC.6.

Source: view the official text

Nearby sections (25 sections)

6-1.1-41-3 · Notice of proposal; hearing
6-1.1-41-4 · Submission of proposal to department of local government
6-1.1-41-5 · Repealed
6-1.1-41-6 · Objections to establishment of fund or increase in tax rate
6-1.1-41-7 · Hearing on objections
6-1.1-41-8 · Notice of hearing
6-1.1-41-9 · Department of local government finance action on proposal;
6-1.1-41-10 · Imposition of tax levy to provide for fund
6-1.1-41-11 · Reduction or rescission of annual levy
6-1.1-41-12 · Petition for reduction or revision of fund levy
6-1.1-41-13 · Property tax levy
6-1.1-41-14 · Earmarking of levied tax funds; expenditures
6-1.1-41-15 · Transfer of fund balance; revision
6-1.1-41-16 · Town of Zionsville; cumulative fund for fire protection…
6-1.1-41-17 · Frankfort airport authority; cumulative building fund…
6-1.1-42-0.3 · Legalization of certain brownfield revitalization zones,
6-1.1-42-1 · "Brownfield" defined
6-1.1-42-2 · "Designating body" defined
6-1.1-42-3 · "Remediation" defined
6-1.1-42-4 · "Zone" defined
6-1.1-42-5 · Application for designation as brownfield revitalization…
6-1.1-42-6 · Statement of public benefits
6-1.1-42-7 · Powers of designating body
6-1.1-42-8 · Duties of designating body
6-1.1-42-9 · Adoption of resolution

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