Indiana Code 36-9-27.8-15. Duties of fiscal officer
(1) establish a subdivision drain repair fund; and
Terms Used In Indiana Code 36-9-27.8-15
- Contract: A legal written agreement that becomes binding when signed.
- executive: means :
Indiana Code 36-9-27.8-1
- fiscal officer: means :
Indiana Code 36-9-27.8-2
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- subdivision: has the meaning set forth in Indiana Code 36-9-27.8-5
- unit: means :
Indiana Code 36-9-27.8-7
(b) The fund established under subsection (a) shall be administered by the fiscal officer. Money in the fund not currently needed to meet the obligations of the fund may be invested in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund. Money in the fund at the end of a fiscal year does not revert to the unit‘s general fund.
(c) The fiscal officer shall deposit assessments imposed on owners of property in a subdivision into the account created under subsection (a)(2) for that subdivision unless the assessments are immediately needed to pay the cost of repairing subdivision drains in that subdivision.
(d) The fiscal officer may withdraw money from the account of a subdivision as needed to pay the cost of repairing subdivision drains in that subdivision.
As added by P.L.139-2018, SEC.2.