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Indiana Code Title 36. Local Government § 36-10-7.5-19

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

Sec. 19.  (a) The fiscal body may establish a cumulative building fund under IC 6-1.1-41 to provide money for:

(1) building, remodeling, and repair of park and recreation facilities;  or

(2) purchase of land for park and recreation purposes.

(b) To provide for the cumulative building fund, the township fiscal body may levy a tax in compliance with IC 6-1.1-41 not greater than one and sixty-seven hundredths cents ($0.0167) on each one hundred dollars ($100) of assessed valuation of taxable property within the township.

(c) The tax shall be collected and held in a special fund known as the township park and recreation cumulative building fund.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-10-7.5-19 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-10-7-5-19/

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