Sec. 14. (a) As used in this section, "deficit financing" means making expenditures that exceed the money legally available to an employer in any budget year.
(b) An employer may not enter into an agreement under section 12 of this chapter that will place the employer in a position of deficit financing. An agreement is voidable to the extent that an employer must engage in deficit financing to comply with the agreement.
As added by P.L.48-2007, SEC.1.
Structure Indiana Code
Chapter 22. Meet and Confer for Public Safety Employees
36-8-22-1. Application of Chapter
36-8-22-3. "Employee Organization"
36-8-22-5. "Exclusive Recognized Representative"
36-8-22-7. Exemptions; Existing Agreements
36-8-22-9. Election of Exclusive Recognized Representative
36-8-22-11. Prohibited Employer Practices
36-8-22-12. Meet and Confer; Advisory Opinion; Mediation and Conciliation
36-8-22-13. Employer Election to Meet and Confer; Termination of Duty to Meet and Confer
36-8-22-14. Deficit Financing Prohibited
36-8-22-15. No Strike Participation; Employee Discharge; Loss of Right of Representation