Indiana Code Title 36. Local Government § 36-5-4-13

Sec. 13. (a) Except as provided in subsection (c), this subsection applies to a town with a population of five hundred (500) or less.  Notwithstanding the provisions of any other statute, a town may transfer money from any town fund to another town fund after the passage of an ordinance or a resolution by the town legislative body specifying the:

(b) Except as provided in subsection (c), this subsection applies to a town having a population of more than five hundred (500) and less than two thousand (2,000).  Notwithstanding IC 8-14-1 and IC 8-14-2, a town may transfer money distributed to the town from:

to any other town fund after the passage of an ordinance or a resolution by the town legislative body that specifies the amount of the transfer, the funds involved, the date of the transfer, and the general purpose of the transfer.  However, the total amount of all money transferred by a town under this subsection may not exceed forty thousand dollars ($40,000).

(c) A:

may not transfer money under this section to or from a food and beverage tax receipts fund established under IC 6-9.