Sec. 28. (a) All proceeds from the sale of bonds under section 27 of this chapter shall be kept as a separate and specific fund to pay the cost of land, rights-of-way, and other property acquired and for construction under the resolution, including all costs and expenses incurred in connection with the project. The proceeds may not be used for any other purpose. The proceeds shall be deposited at interest with the depository or depositories of other public funds of the municipality, and all interest collected on them belongs to the fund. Any surplus of funds remaining out of the proceeds after all expenses are paid shall be paid into and becomes a part of the sanitary district bond fund.
(b) Money derived from sources other than the sale of bonds, such as state or federal reimbursement grants, matching funds, or other contributions, including money derived from a project financed from bond monies, shall be deposited in:
(1) the sanitary district bond fund;
(2) the sanitary maintenance and general expense fund; or
(3) a separate fund established by the board for extensions, additions, and improvements to the sewage works of the district.
The money may be expended as other money is expended by the board.
[Pre-Local Government Recodification Citations: 19-2-14-20; 19-2-20-9.]
As added by Acts 1981, P.L.309, SEC.98.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 25. Sanitation Department in Certain Cities
36-9-25-1. Application of Chapter
36-9-25-4. Commissioners; Terms of Office; Vacancies
36-9-25-5. Commissioners; Removal From Office; Appeals
36-9-25-6. Commissioners; Meetings; Officers; Quorum; Approval of Actions; Adoption of Rules
36-9-25-7. Certain Cities; Effect of Adoption of Chapter; Enabling Ordinances
36-9-25-9. Jurisdiction of Board
36-9-25-11.1. Deposits to Secure Payment of Fees
36-9-25-11.2. Fees; Notice of Delinquency
36-9-25-11.3. Procedure for Setting Fees in Certain Districts
36-9-25-11.5. Discontinuance of Water Service; Disputed Bills; Notice; Liability of Utility
36-9-25-11.7. Overdue User Fees; Ordinance to Expense as Bad Debts
36-9-25-12. Basis of Fees; Measurement of Water and Sewage Usage
36-9-25-16. Tax Levies; Liability of Disannexed and Newly Added Territory
36-9-25-17. Payment of Preliminary Expenses
36-9-25-19. Construction of Sewage Works; Special Tax
36-9-25-20. Construction of Sewage Works; Condemnation; List of Affected Property and Owners
36-9-25-22. Construction of Sewage Works; Condemnation Awards; Mentally Incompetent Persons
36-9-25-23. Construction of Sewage Works; Condemnation Awards; Remonstrances; Hearings
36-9-25-24. Construction of Sewage Works; Condemnation Awards; Appeals
36-9-25-25. Construction of Sewage Works; Manner of Payment of Damages for Taking of Property
36-9-25-26. Construction of Sewage Works; Notice of Confirmation of Resolution; Bids; Contracts
36-9-25-27. Construction of Sewage Works; Bond Issues
36-9-25-28. Deposit and Use of Funds
36-9-25-30. Construction of Sewers, Drains, or Appurtenances; Procedure
36-9-25-31. Payment of General Expenses; Special Tax Levy for Payment of Bonds
36-9-25-32. General Expenses and Operation of Sewage Works; Tax Levy; Procedure; Loans
36-9-25-33. Disposition of Surplus Funds; Funds Belonging to Sanitary Districts
36-9-25-34. Deposit and Use of Fees; Revolving Fund for Payment of Preliminary Expenses
36-9-25-36. Property Acquisitions; Filing and Recording Requirements
36-9-25-37. Authority to Expend Money; Warrants and Vouchers
36-9-25-38. Construction of Sewers Connecting With Sewage Works
36-9-25-39. Certain Departments; Temporary Loans in Anticipation of Funds
36-9-25-40. Certain Districts; Exercise of Powers on Behalf of Second Class City Alone
36-9-25-41. Consolidated Cities; Revenue Bonds for Sewage Works