Indiana Code
Chapter 14. Cumulative Maintenance Fund
14-33-14-5. Budget and Appropriations to Fund

Sec. 5. (a) The board shall budget and appropriate annually to the fund an amount equivalent to ten percent (10%) of the annual cost of maintenance for the works of improvement as the cost is:
(1) stated in the district plan; or
(2) adjusted under section 8 of this chapter.
(b) Money accumulated in the fund may be used for emergency or unusually expensive maintenance of the works of improvement.
[Pre-1995 Recodification Citation: 13-3-3-89(b).]
As added by P.L.1-1995, SEC.26. Amended by P.L.228-2003, SEC.1.

Structure Indiana Code