Sec. 36. (a) To raise money for any of the purposes for which bonds may be issued under section 35 of this chapter, the board may request that the city legislative body adopt an ordinance establishing a cumulative building and sinking fund. The legislative body may establish a cumulative building and sinking fund under IC 6-1.1-41. The tax may not exceed three and thirty-three hundredths cents ($0.0333) on each one hundred dollars ($100) of taxable personal and real property in the district.
(b) The tax, when collected, shall be held in a public depository in a special fund to be known as the park district cumulative building and sinking fund.
[Pre-Local Government Recodification Citation: 19-7-30-31.]
As added by Acts 1981, P.L.309, SEC.111. Amended by Acts 1981, P.L.45, SEC.100; P.L.17-1995, SEC.43; P.L.6-1997, SEC.233.
Structure Indiana Code
Article 10. Recreation, Culture, and Community Facilities
Chapter 4. Parks Department in Certain Cities
36-10-4-1. Application of Chapter
36-10-4-4. Commissioner; Appointment; Removal
36-10-4-6. Extended Districts in Certain Counties; Board of Park Commissioners; Term; Vacancy
36-10-4-6.1. Extended Districts in Other Counties; Board of Park Commissioners; Term; Vacancy
36-10-4-8. Taxing District for Levying Special Benefit Taxes
36-10-4-10. Powers of Board Extended Five Miles Outside Corporate City Boundaries
36-10-4-12. Open Spaces for Park, Recreational, or Civic Purposes
36-10-4-15. Publication of Rules Adopted by Board
36-10-4-17. Granting of Public Utility Franchise
36-10-4-18. Ordinance Authorizing Sale of Park Lands; Disposition of Proceeds
36-10-4-21. Eminent Domain; Damages; Prior Public Use
36-10-4-22. Authority Concerning Rivers, Streams, and Waterways
36-10-4-24. Appropriation of Property; Purposes
36-10-4-29. Exempt Personal and Real Property; Exception
36-10-4-30. Awards; Determination; Notice Describing Location of Land Appropriated or Acquired
36-10-4-32. Remonstrance Against Award or Assessment; Hearing; Decision; Appeal; Procedure; Costs
36-10-4-34. Damage Awards; Certificates; Payment; Disputes as to Claimants
36-10-4-36. Cumulative Building and Sinking Fund; Establishment; Levy of Tax
36-10-4-37. District Bond Fund; Proceeds From Sale of Bonds; Disposition of Fund