Sec. 14. (a) All expenses to be incurred by the department, necessary to be paid before the issuance of bonds or the receipt of revenues by the department, shall be met and paid in the following manner:
(1) The board shall from time to time certify an estimate of the maximum amount of the items of expense to the fiscal officer of the consolidated city, who shall report whether any funds for payment are available.
(2) If so available, and when set aside for that purpose, the board may authorize expenses within the maximum amounts, and shall direct the fiscal officer to pay the amounts, as incurred.
(3) The fiscal officer shall then draw warrants for payment, which shall be paid out of any available general funds of the city not already appropriated, without special appropriation being made by and without the approval of any other body.
(4) In case there are no unappropriated and available general funds of the city, the fiscal officer may recommend to the legislative body a temporary transfer, from any other funds of the city that may be available, of a sufficient amount to meet the items of expense, or the making of a temporary loan for that purpose, and the legislative body shall make the transfer of funds or authorize a temporary loan, in the same manner as other transfers or temporary loans are made by the city.
(b) The amount advanced by the city under subsection (a)(4) and outstanding at any time may not exceed one hundred fifty thousand dollars ($150,000), and the fund or funds of the city from which an advancement is made shall be fully reimbursed and repaid by the board out of the first proceeds of bonds issued under this chapter, or out of revenues of the department when revenues are sufficient for that purpose. Any funds so repaid shall be considered appropriated and shall be credited to whatever fund, or funds, they were withdrawn from for the advances. No part of the funds advanced by the city at any time may be used for the acquisition of any property or its improvement or for the payment of any bonds.
As added by Acts 1982, P.L.77, SEC.13.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 11.1. Parking Facilities in Marion County
36-9-11.1-1. Application of Chapter
36-9-11.1-2. Public Uses and Purposes; Eminent Domain
36-9-11.1-4. Pecuniary Interest; Board or Employee
36-9-11.1-5. Powers and Duties of Board
36-9-11.1-6. Preparation of Plat and Data; Resolution of Board
36-9-11.1-7. Approval of Resolution and Plans; Acquisition of Site
36-9-11.1-9. Options or Contracts for Land; Previously Acquired Property
36-9-11.1-10. Eminent Domain; Powers and Duties of Department and Board
36-9-11.1-11. Tax Exemption of Property, Funds, and Receipts; Leases or Sales for Private Use
36-9-11.1-13. Sale or Lease of Space and Air Rights; Treatment of Proceeds
36-9-11.1-14. Funds for Expenses of Department Before Issuance of Bonds or Receipt of Revenues
36-9-11.1-15. Revenue Bonds; Issuance; Proceeds
36-9-11.1-16. Rights of Bondholders; Lien; Enforcement Proceedings; Default
36-9-11.1-17. Deposits of Department Funds; Separate Account Books and Special Accounts
36-9-11.1-18. Payments to and From General Fund of Department
36-9-11.1-19. Annual Operating and Income Statement of Facility