Indiana Code 12-20-25-40. Local income tax township assistance control fund; disbursement priorities
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Sec. 40. The county treasurer shall deposit the disbursements from the treasurer of state in a county fund to be known as the local income tax township assistance control fund. Notwithstanding IC 6-3.6 and IC 6-1.1-18.5, the county treasurer shall disburse the money in the fund in the following priority:
(2) At the end of each calendar year, to redeem any outstanding bonds issued or repay loans incurred by the county for poor relief or township assistance purposes under IC 12-2-4.5 (before its repeal), IC 12-2-5 (before its repeal), IC 12-20-23 (before its repeal), or IC 12-20-24 to the extent the proceeds of the bonds or loans were advanced to the distressed township.
(1) To ensure the payment within thirty (30) days of all valid township assistance claims in the distressed township that are not covered by subdivision (3).
Terms Used In Indiana Code 12-20-25-40
- distressed township: means :
Indiana Code 12-20-25-4
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) To pay claims approved under section 27 or 28 of this chapter (or IC 12-2-14-22 or IC 12-2-14-23 before their repeal).
(4) As provided in IC 6-3.6, for the purposes specified in the ordinance imposing the local income tax under this chapter.
[Pre-1992 Revision Citation: 12-2-14-35.]
As added by P.L.2-1992, SEC.14. Amended by P.L.73-2005, SEC.138; P.L.169-2006, SEC.42; P.L.197-2016, SEC.108.