Indiana Code 14-30.5-5-8. Watershed development commission annual budget; board approval; submitted to local governmental entities; nonreverting cumulative fund
(1) Prepare and adopt by majority vote an annual budget for the commission.
Terms Used In Indiana Code 14-30.5-5-8
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(b) After the board of a watershed development commission approves an annual budget, the commission may expend money only as budgeted unless a majority vote of the board of the commission authorizes the expenditure other than according to the budget.
(c) Any appropriated amounts remaining unexpended or unencumbered at the end of a year become part of a nonreverting cumulative fund to be held in the name of the watershed development commission. The board of a commission may authorize unbudgeted expenditures from this fund by a majority vote of the board.
(d) A watershed development commission is responsible for the safekeeping and deposit of money it receives under this chapter. The state board of accounts shall:
(1) prescribe the methods and forms for keeping; and
(2) periodically audit;
the accounts, records, and books of each watershed development commission.
(e) The secretary-treasurer of the board of a watershed development commission may receive, disburse, and handle money belonging to the commission, subject to the following:
(1) Applicable statutes.
(2) Procedures established by the board of the commission.
As added by P.L.251-2023, SEC.13.