Sec. 26. All proceeds from the sale of bonds issued under section 24 of this chapter shall be kept in a separate fund. The fund shall be used to pay for land and other property acquired and for the construction of a work under the resolution, including all costs and expenses incurred in connection with the project. The fund may not be used for any other purpose. The fund shall be deposited as provided in this chapter. A surplus remaining from the proceeds of the bonds after all costs and expenses are paid shall be paid into and becomes a part of the park district bond fund.
[Pre-Local Government Recodification Citation: 19-7-4-41.]
As added by Acts 1981, P.L.309, SEC.110.
Structure Indiana Code
Article 10. Recreation, Culture, and Community Facilities
Chapter 3. General Park and Recreation Law
36-10-3-1. Application of Chapter
36-10-3-4. Municipal Parks and Recreation Board; Members; Appointing Authorities
36-10-3-4.1. Town Board; Waiver of Requirements
36-10-3-4.2. County Board; Membership
36-10-3-5. Board of Park and Recreation; Initial Appointments; Vacancy
36-10-3-6. Board Member; Removal; Procedure
36-10-3-7. Board of Park and Recreation; Advisory Member
36-10-3-8. Board of Park and Recreation; Regular and Special Meetings; Election of Officers; Quorum
36-10-3-9. Board of Park and Recreation; Compensation
36-10-3-10. Board of Park and Recreation; Duties
36-10-3-11. Board of Park and Recreation; Powers
36-10-3-13. Superintendent of Parks and Recreation; Appointment; Qualifications; Incumbents
36-10-3-14. Superintendent of Parks and Recreation; Duties
36-10-3-15. Assistant Superintendent of Parks and Recreation; Appointment; Qualifications; Duties
36-10-3-16. Officers' and Employees' Bonds and Crime Policies
36-10-3-17. Advisory Council and Special Committees; Composition; Selection; Duties; Reports
36-10-3-18. Gifts, Donations, and Subsidies; Approval; Disposition
36-10-3-20. Special Nonreverting Capital Fund; Purposes; Withdrawals
36-10-3-21. Cumulative Building Fund; Establishment; Levy of Tax; Collection of Tax
36-10-3-22. Fees for Particular Activities; Special Funds; Deposits; Withdrawals
36-10-3-24. Bonds; Purpose; Denominations; Interest Exempt From Taxation; Limitations
36-10-3-25. Bonds; Notice; Hearing; Ordinance Approving Issue
36-10-3-26. Bonds; Disposition of Proceeds
36-10-3-27. Levy of Special Tax on Real and Personal Property; Park District Bond Fund
36-10-3-29. Joint Department of Parks and Recreation; Creation; Eligibility; Agreement; Amendments
36-10-3-31. Joint Board of Parks and Recreation; Budget Request; Disposition of Money Appropriated
36-10-3-33. Extension of Service to Unincorporated Area; Request; Petition
36-10-3-40. Issuance of Bonds Payable From County Innkeeper's Tax
36-10-3-41. Approval of Bond Issuance by County Council; Reduction of Innkeeper's Tax Rate
36-10-3-42. Hearing; Appropriation of Proceeds; Sale
36-10-3-43. Certification of Debt Service Schedule; Time for Retirement of Bonds
36-10-3-45. Sections Not to Be Repealed During Period of Outstanding Bonds