Indiana Code 5-11-1-3. Separate accounts
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Terms Used In Indiana Code 5-11-1-3
- 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
- municipality: means any county, township, city, town, school corporation, special taxing district, or other political subdivision of Indiana. See Indiana Code 5-11-1-16
- state: means any board, commission, department, division, bureau, committee, agency, governmental subdivision, military body, authority, or other instrumentality of the state, but does not include a municipality. See Indiana Code 5-11-1-16
Sec. 3. In accordance with professional accounting standards, separate accounts shall be kept for every appropriation or fund of the state or any municipality. Separate accounts shall also be kept for each department, undertaking, enterprise, institution, and public service industry.
Formerly: Acts 1909, c.55, s.3. As amended by Acts 1980, P.L.30, SEC.3; P.L.59-2023, SEC.2.