Sec. 16. Whenever the board of an eligible entity accumulates funds that are derived from sources other than from the operation of the airport and that are not needed for the operation or maintenance of the airport, the board, upon a majority vote of its members, may without notice transfer all or part of the funds to the general fund of the entity if the funds were not derived from taxation. This section does not apply to funds derived from lands leased from the federal government.
[Pre-Local Government Recodification Citation: 19-6-1-18.]
As added by Acts 1980, P.L.8, SEC.73.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 2. Local Boards of Aviation Commissioners
8-22-2-1. Department of Aviation
8-22-2-2. Members of Board of Aviation Commissioners; Qualifications; Restrictions
8-22-2-3. Terms of Office of Board Members
8-22-2-4. Officers of Board; Office Facilities; Reports; Expenditures; Meetings
8-22-2-6. Contract Procedures; Emergencies
8-22-2-8. Sale of Aviation Land or Improvements; Ordinances
8-22-2-9. Establishment of Restricted Zones; Approaches to Airport; Zoning Jurisdiction
8-22-2-11. Recording Land or Rights Acquired
8-22-2-13. Sale of Minerals or Mineral Rights
8-22-2-14. Joint Activities; Joint Board of Aviation Commissioners
8-22-2-15. Assistance to Other Entities
8-22-2-16. Transfer of Funds to General Fund of Entity
8-22-2-17. Federal, Public, or Private Grants
8-22-2-18.5. Payment of Costs of Airport Capital Improvements; Loans; Requirements