Sec. 10. This section does not apply to an eligible entity that is an individual. The fiscal officer of an entity receiving a grant under this chapter shall:

(1) establish a separate account within the entity’s general fund; and

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Terms Used In Indiana Code 10-14-4-10

  • eligible entity: means a county, a city, a town, a township, or an individual who has incurred loss or cost because of a disaster. See Indiana Code 10-14-4-2
  • fund: refers to the state disaster relief fund established by this chapter. See Indiana Code 10-14-4-3
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) deposit any grant proceeds received under this chapter in the account.

The department of local government finance may not reduce an entity’s maximum or actual property tax levy under IC 6-1.1-18.5 on account of grant money deposited in the account.

[Pre-2003 Recodification Citation: 10-4-1-29(k).]

As added by P.L.2-2003, SEC.5. Amended by P.L.107-2007, SEC.7.

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