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Sec. 12. If:
(1) there is a savings resulting from the cost of the works of improvement that are provided in the district plan, including the necessary engineering, legal, and administrative fees, being less than the proceeds of a bond issue or other borrowing to pay the costs;
(2) the district plan is amended to provide that the excess money may be placed in the fund for further necessary works of improvement or additions to those works constructed with those proceeds; and
(3) the use of the excess money is not restricted by the terms of the bond issue or other borrowing;
the excess money may be placed in the fund for the purposes described in subdivision (2).
Cite this article: FindLaw.com - Indiana Code Title 14. Natural and Cultural Resources § 14-33-21-12 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-14-natural-and-cultural-resources/in-code-sect-14-33-21-12/
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