2018 Indiana Code
TITLE 6. Taxation
CHAPTER 41. Cumulative Fund Tax Levy Procedures
6-1.1-41-15. Transfer of fund balance; revision

Universal Citation: IN Code § 6-1.1-41-15 (2018)
IC 6-1.1-41-15 Transfer of fund balance; revision

     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.


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