Sec. 48. (a) The board may provide a cumulative building fund in compliance with IC 6-1.1-41 to provide for the erection of:
(1) levees, gates, and pumping stations; or
(2) other facilities or the addition to or improvement of the facilities on the levees;
needed to carry out this chapter.
(b) In compliance with IC 6-1.1-41, the board may levy a property tax not to exceed sixty-seven hundredths of one cent ($0.0067) on each one hundred dollars ($100) of taxable property within the district. As the tax is collected, the tax may be invested in negotiable United States bonds or other securities that the federal government has the direct obligation to pay.
(c) Any money of the cumulative building fund not invested in government obligations shall be withdrawn from the cumulative building fund in the same manner as money is regularly withdrawn from a general fund but without further or additional appropriation.
[Pre-1995 Recodification Citation: 13-2-31-26.]
As added by P.L.1-1995, SEC.20. Amended by P.L.17-1995, SEC.13; P.L.6-1997, SEC.159.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 27. Levees, Dams, and Drainage
Chapter 6. Levee Authority in Vanderburgh County
14-27-6-1. Application of Chapter
14-27-6-5. "Pumping Station" Defined
14-27-6-6. Ordinance Establishing Levee Authority
14-27-6-7. Board; Executive and Legislative Powers
14-27-6-9. Board; Eligibility of Members
14-27-6-10. Board; Appointment of Members; First Meeting
14-27-6-11. Board; Terms of First Members
14-27-6-12. Board; Filling of Vacancy Upon Expiration of Term
14-27-6-13. Board; Filling of Vacancy Upon Resignation
14-27-6-14. Board; Terms of Members
14-27-6-15. Board; Restrictions on Members
14-27-6-16. Board; Compensation of Members
14-27-6-18. Board; Office and Records
14-27-6-21. Board; Record of Proceedings
14-27-6-22. Board; Rules of Procedure
14-27-6-23. Board; Supervision of Internal Affairs
14-27-6-24. Proposed Drafts of Ordinances
14-27-6-25. Notice of Pending Action on Proposed Drafts
14-27-6-26. Meetings to Take Action on Proposed Drafts
14-27-6-27. Public Meeting Required
14-27-6-28. Effective Dates of Ordinances
14-27-6-29. Copies of Ordinances
14-27-6-30. General Powers of Board
14-27-6-31. Letting of Contracts; Bidding
14-27-6-32. Recovery of Damages or Possession of Property
14-27-6-33. Eminent Domain Powers; Generally
14-27-6-34. Eminent Domain Powers; Land Already in Public Use
14-27-6-35. Eminent Domain Powers; Rights of Board and Landowners
14-27-6-36. Eminent Domain Powers; Taking Possession; Abandonment; Acquisition of Other Land
14-27-6-37. Eminent Domain Powers; Description of Land; Statement of Purpose
14-27-6-38. General Obligation Bonds; Issuance
14-27-6-39. General Obligation Bonds; Sale
14-27-6-40. General Obligation Bonds; Applicability of Ic 5-1 and Ic 6-1.1-20
14-27-6-41. General Obligation Bonds; Payment; Tax Exemption
14-27-6-42. Tax Anticipation Loans
14-27-6-43. Treasurer; Appointment, Powers, and Duties
14-27-6-44. Treasurer; Report of Accounts
14-27-6-46. Budgets; Tax Levies
14-27-6-47. Assessment and Collection of Tax Levies