Indiana Code
Chapter 6. Levee Authority in Vanderburgh County
14-27-6-48. Cumulative Building Fund

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(c) Any money of the cumulative building fund not invested in government obligations shall be withdrawn from the cumulative building fund in the same manner as money is regularly withdrawn from a general fund but without further or additional appropriation.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

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

14-27-6-2. "Board" Defined

14-27-6-3. "Gate" Defined

14-27-6-4. "Levee" Defined

14-27-6-5. "Pumping Station" Defined

14-27-6-6. Ordinance Establishing Levee Authority

14-27-6-7. Board; Executive and Legislative Powers

14-27-6-8. Board; Members

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

14-27-6-17. Board; Officers

14-27-6-18. Board; Office and Records

14-27-6-19. Board; Meetings

14-27-6-20. Board; Quorum

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

14-27-6-45. Audits

14-27-6-46. Budgets; Tax Levies

14-27-6-47. Assessment and Collection of Tax Levies

14-27-6-48. Cumulative Building Fund

14-27-6-49. Board of Finance

14-27-6-50. Public Purpose

14-27-6-51. Expenses

14-27-6-52. Repealed