Sec. 5. This chapter applies to a township if the total amount of funds in a township’s capital improvement funds exceeds:

(1) one hundred fifty percent (150%) of the township’s total annual budget estimate prepared under IC 6-1.1-17-2 for the ensuing year; and

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Terms Used In Indiana Code 36-6-9-5

  • capital improvement: means :

    Indiana Code 36-6-9-2

  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) two hundred thousand dollars ($200,000).

As added by P.L.129-2019, SEC.4.