Indiana Code 6-1.1-41-15. Transfer of fund balance; revision
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Sec. 15. If the political subdivision establishing a fund:
(2) rescinds the tax levy for the fund;
(1) decides that the purposes for which the fund was established have been accomplished or no longer exist; or
Terms Used In Indiana Code 6-1.1-41-15
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
the governing body establishing the fund for the political subdivision may transfer the balance in the fund to the general fund of the political subdivision. The money in a fund does not otherwise revert to the general fund of a political subdivision at the end of the political subdivision’s fiscal year.
As added by P.L.17-1995, SEC.6.