Indiana Code 5-22-2-23. “Public funds”

Sec. 23. (a) “Public funds” means money:

(1) derived from the revenue sources of the governmental body; and

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(2) deposited into the general or a special fund of the governmental body.

(b) The term does not include either of the following:

(1) Money received by a person under an authorized public-private agreement under IC 5-23.

(2) Proceeds of bonds payable exclusively by, or used by, a private entity.

As added by P.L.49-1997, SEC.1. Amended by P.L.255-2017, SEC.2; P.L.156-2024, SEC.3.