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Indiana Code Title 14. Natural and Cultural Resources § 14-30.5-5-8

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 8. (a) The board of a watershed development commission shall do the following:

(1) If the watershed development commission includes the Maumee River basin, prepare and adopt by majority vote an annual budget for the commission which, to the extent reasonably practical, allocates money as follows:

(A) Twenty-five percent (25%) of funds for flood mitigation.

(B) Twenty-five percent (25%) of funds for structural water quality best management practices (as described in the local Natural Resources Conservation Service Field Office Technical Guide as of July 1, 2025, and any amendments thereto).

(C) Twenty-five percent (25%) of funds for nonstructural water quality best management practices (as described in the local Natural Resources Conservation Service Field Office Technical Guide as of July 1, 2025, and any amendments thereto).

(D) Five percent (5%) of funds for stream obstruction removal.

(E) Fifteen percent (15%) of funds for flood hazard mitigation.

(F) Five percent (5%) of funds for flood warning systems.

(2) If the watershed development commission does not include a basin described in subdivision (1), prepare and adopt by majority vote an annual budget for the commission.

(3) Submit the budget to each county, municipality, or agency appropriating money for the use of the commission.

(b) After the board of a watershed development commission approves an annual budget, the commission may expend money only as budgeted unless:

(1) if subsection (a)(1) is applicable, at least seventy-five percent (75%) of the board members present at a meeting vote in favor of the expenditure;  or

(2) if subsection (a)(2) is applicable, a majority vote of the board votes in favor of the expenditure.

Funds reallocated in accordance with subdivision (1) can be deemed as a loan or a grant.

(c) Any appropriated amounts remaining unexpended or unencumbered at the end of a year become part of a nonreverting cumulative fund to be held in the name of the watershed development commission.  The board of a commission may authorize unbudgeted expenditures from this fund by a majority vote of the board.

(d) A watershed development commission is responsible for the safekeeping and deposit of money it receives under this chapter.  The state board of accounts shall:

(1) prescribe the methods and forms for keeping;  and

(2) periodically audit;

the accounts, records, and books of each watershed development commission.

(e) The secretary-treasurer of the board of a watershed development commission may receive, disburse, and handle money belonging to the commission, subject to the following:

(1) Applicable statutes.

(2) Procedures established by the board of the commission.

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Cite this article: FindLaw.com - Indiana Code Title 14. Natural and Cultural Resources § 14-30.5-5-8 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-14-natural-and-cultural-resources/in-code-sect-14-30-5-5-8/

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