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2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 17. Procedures for Fixing and Reviewing Budgets, Tax Rates, and Tax Levies
6-1.1-17-16.5. Cumulative building or sinking fund proposal; action by department of local government finance
Universal Citation: IN Code § 6-1.1-17-16.5 (2018)
IC 6-1.1-17-16.5 Cumulative building or sinking fund proposal; action by department of local government finance
Sec. 16.5. This section applies in each case in which the department of local government finance has the power to approve or disapprove the tax levy for a cumulative building or sinking fund proposed to be established by a political subdivision. The department may:
(1) approve the tax levy;
(2) disapprove the tax levy; or
(3) modify the tax levy by approving it at any amount less than the tax levy proposed to be established.
[Pre-Local Government Recodification Citation: 18-6-16-1.]
As added by Acts 1981, P.L.11, SEC.23. Amended by P.L.90-2002, SEC.157.
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