Indiana Code 14-33-21-12. Excess money
Current as of: 2024 | Check for updates
|
Other versions
Sec. 12. If:
(2) the district plan is amended to provide that the excess money may be placed in the fund for further necessary works of improvement or additions to those works constructed with those proceeds; and
(1) there is a savings resulting from the cost of the works of improvement that are provided in the district plan, including the necessary engineering, legal, and administrative fees, being less than the proceeds of a bond issue or other borrowing to pay the costs;
Terms Used In Indiana Code 14-33-21-12
- fund: refers to a cumulative improvement fund established under this chapter. See Indiana Code 14-33-21-1
(3) the use of the excess money is not restricted by the terms of the bond issue or other borrowing;
the excess money may be placed in the fund for the purposes described in subdivision (2).
[Pre-1995 Recodification Citation: 13-3-5-7.]
As added by P.L.1-1995, SEC.26.