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Indiana Code Title 36. Local Government § 36-1-29.5-12

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

Sec. 12. (a) The fiscal body of a unit may transfer or deposit the following into a fund:

(1) Any private grants or contributions.

(2) Appropriations to the fund included in the unit's budget.

(3) Except for money in a fund with a restricted purpose, but otherwise notwithstanding any use of funds prohibition as long as the transfer or deposit is authorized by the relevant statutory procedure:

(A) any surplus, unexpended, unappropriated, unencumbered, or otherwise available public or private money;  and

(B) from any general account, reverting or nonreverting fund, special account, or trust, other than a fund or account that receives bond proceeds, created or administered by any department, board, authority, commission, political subdivision, special service district, special taxing district, or any other instrumentality of local government under IC 36 with authority to collect or receive taxes, interest, or any other public or private money.

(b) Notwithstanding any other statute, an executive of a unit that has established a program under section 8 of this chapter, after consulting with the fiscal body and fiscal officer of the unit, may authorize a transfer or loan to a fund from any dedicated fund or account, other than a fund or account that receives bond proceeds, before the purpose for which the dedicated fund or account was established has been accomplished.

(c) Two (2) or more units may, by written agreement, collaborate, commingle funds, or otherwise work together for the benefit of administering or carrying out the purposes of the units' funds.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-1-29.5-12 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-1-29-5-12/

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