Sec. 46. (a) The board shall do the following:

(1) Annually prepare a budget for the operation and capital expenditures of the authority.

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Terms Used In Indiana Code 14-27-6-46

(2) Calculate the tax levy necessary to provide money for the operating expenditures necessary to carry out the powers, duties, and functions of the authority together with any capital expenditures that are included in the annual budget.

     (b) The budget shall be prepared and submitted at the same time and in the same manner as provided by the statutes relating to the preparation of budgets by cities. The budget is subject to the same review by the department of local government finance as under the statutes relating to budgets of cities.

     (c) The budgets and the tax levies are subject to review and modification by the fiscal body of a city and county within the district in the same manner as the budgets and tax levies of the executive departments of the city.

[Pre-1995 Recodification Citation: 13-2-31-24.]

As added by P.L.1-1995, SEC.20. Amended by P.L.90-2002, SEC.372; P.L.257-2019, SEC.84.

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