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Indiana Code Title 14. Natural and Cultural Resources § 14-33-21-14

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

Sec. 14. If a federal or state agency, according to statute or contractual obligation, demands immediate or prompt action by the district in construction of, adding to, or repairing works of improvement, the district:

(1) may not defend that not enough money for the work has accumulated in the fund;  and

(2) shall use the accumulation of money in the fund, including the proceeds of:

(A) borrowing;

(B) the collection of tax or assessments;  or

(C) both borrowing and the collection of tax or assessments;

to discharge the obligation.

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Cite this article: FindLaw.com - Indiana Code Title 14. Natural and Cultural Resources § 14-33-21-14 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-14-natural-and-cultural-resources/in-code-sect-14-33-21-14/

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