Indiana Code 36-9-17-3. Authorization and composition of fund
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Sec. 3. A municipality may, by ordinance and in compliance with the procedures for the establishment of a cumulative fund under IC 6-1.1-41, establish a general improvement fund, which shall be used to construct, repair, or improve streets, alleys, sidewalks, curbs, gutters, and sewers. This fund consists of:
(2) any appropriation made from the general fund of the municipality or from taxes levied by the municipal legislative body for these purposes.
(1) the special assessments collected under this chapter for benefits to property from constructing, repairing, or improving streets, alleys, sidewalks, curbs, gutters, and sewers; and
Terms Used In Indiana Code 36-9-17-3
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Statute: A law passed by a legislature.
However, special assessments collected by a municipality under any statute other than this chapter may not be deposited in the fund.
[Pre-Local Government Recodification Citation: 18-6-3-2.]
As added by Acts 1981, P.L.309, SEC.90. Amended by P.L.17-1995, SEC.35.