Sec. 2. (a) The fiscal body of a unit that has adopted a thoroughfare plan under IC 36-7-4 may levy a tax of five cents ($0.05) on each one hundred dollars ($100) of taxable property in the unit. The tax may be levied annually, in the same way that other property taxes are levied.
(b) The taxes levied under this section shall be collected in the same manner as other property taxes and deposited in a separate and continuing fund to be known as the thoroughfare fund. The fiscal officer of the unit may make payments or transfers from this fund only on warrants of the works board for work related to the thoroughfare plan.
As added by P.L.220-1986, SEC.30. Amended by P.L.6-1997, SEC.217.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 6.1. Thoroughfare Projects
36-9-6.1-0.1. Application of Chapter
36-9-6.1-1. Application of Chapter
36-9-6.1-2. Units Adopting a Thoroughfare Plan; Tax Levy; Collection; Fund
36-9-6.1-3. Works Board Carrying Out Thoroughfare Plan; Powers
36-9-6.1-4. Adoption of Resolution for Proposed Project
36-9-6.1-5. Plans, Specifications, and Contracts for Proposed Project; Preparation and Adoption
36-9-6.1-6. Authorized Projects
36-9-6.1-7. Notice and Hearing on Resolution; Contents of Notice
36-9-6.1-8. Hearing; Objections; Determinations by Works Board
36-9-6.1-9. Approval of Project; Assessment of Cost
36-9-6.1-10. Rights of Affected Property Owners
36-9-6.1-11. Costs Exceeding Balance in Thoroughfare Fund; Bond Issue
36-9-6.1-12. Proceeds of Sale of Bonds; Deposit in Fund; Payments