Sec. 15. If the political subdivision establishing a fund:
(1) decides that the purposes for which the fund was established have been accomplished or no longer exist; or
(2) rescinds the tax levy for the fund;
the governing body establishing the fund for the political subdivision may transfer the balance in the fund to the general fund of the political subdivision. The money in a fund does not otherwise revert to the general fund of a political subdivision at the end of the political subdivision's fiscal year.
As added by P.L.17-1995, SEC.6.
Structure Indiana Code
Chapter 41. Cumulative Fund Tax Levy Procedures
6-1.1-41-1. Application of Chapter
6-1.1-41-2. Authorization of Fund and Tax Levies
6-1.1-41-3. Notice of Proposal; Hearing
6-1.1-41-4. Submission of Proposal to Department of Local Government Finance; Certification
6-1.1-41-6. Objections to Establishment of Fund or Increase in Tax Rate Related to Fund
6-1.1-41-7. Hearing on Objections
6-1.1-41-9. Department of Local Government Finance Action on Proposal; Appeal
6-1.1-41-10. Imposition of Tax Levy to Provide for Fund
6-1.1-41-11. Reduction or Rescission of Annual Levy
6-1.1-41-12. Petition for Reduction or Revision of Fund Levy
6-1.1-41-13. Property Tax Levy
6-1.1-41-14. Earmarking of Levied Tax Funds; Expenditures
6-1.1-41-15. Transfer of Fund Balance; Revision
6-1.1-41-16. Town of Zionsville; Cumulative Fund for Fire Protection and Related Services
6-1.1-41-17. Frankfort Airport Authority; Cumulative Building Fund Levy and Rate