Sec. 7. Notwithstanding the other provisions of this chapter, the fiscal officer of a political subdivision may appropriate funds received from a person (as defined in IC 6-1.1-1-10) if:
(1) the funds are received as a result of damage to property of the political subdivision; and
(2) the funds are appropriated for the purpose of repairing or replacing the damaged property.
However, this section applies only if the funds are in fact expended to repair or replace the property within the twelve (12) month period after they are received.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-24 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.173-2003, SEC.8; P.L.164-2019, SEC.2.
Structure Indiana Code
Chapter 18. Limitations on Property Tax Rates and Appropriations
6-1.1-18-1. Budget, Tax Rate, and Tax Levy; Exceeding Amount Published
6-1.1-18-2. Maximum State Tax Rate
6-1.1-18-3. Maximum Political Subdivision Tax Rate
6-1.1-18-4. Appropriations Not to Exceed Budget
6-1.1-18-6. Transfer of Money From One Budget Classification to Another
6-1.1-18-6.5. Volunteer Firefighting Purposes; Expenditures
6-1.1-18-7. Insurance Funds; Appropriations
6-1.1-18-7.5. Appropriation of State and Federal Grant Funds
6-1.1-18-8. Expenditure of State Funds by Political Subdivisions; Conditions
6-1.1-18-10. Excessive Appropriations; Liability of Officers; Action for Recovery
6-1.1-18-11. Conflicting Provisions
6-1.1-18-12. Adjustment of Maximum Tax Rates After Reassessment or Annual Adjustment
6-1.1-18-25. Highland Township in Greene County; Maximum Levies
6-1.1-18-26. Taylor Township in Greene County; Maximum Levies
6-1.1-18-30. Sullivan County; Maximum Levies
6-1.1-18-31. Wabash City School Corporation; Maximum Levies