Sec. 13. (a) When the management committee is appointed, the distressed township is a controlled township until the requirements of section 41 of this chapter are met.

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Terms Used In Indiana Code 12-20-25-13

  • distressed township: means :

    Indiana Code 12-20-25-4

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Trustee: A person or institution holding and administering property in trust.
     (b) During the period that the management committee is in control of the township trustee‘s office, the payment of township assistance claims and the operating costs of the management committee that:

(1) are incurred during the period the management committee is in control of the township trustee’s office; and

(2) exceed the revenue derived from the distressed township’s township assistance property tax levy;

shall be made from support to the county from the distressed township supplemental township assistance fund established under section 51 of this chapter.

[Pre-1992 Revision Citation: 12-2-14-9.]

As added by P.L.2-1992, SEC.14. Amended by P.L.73-2005, SEC.119.

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