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Indiana Code Title 36. Local Government § 36-6-9-4.5

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

Sec. 4.5. As used in this chapter, “unrestricted funds” means cash reserves that are not:

(1) obligated by a township's following year budget;

(2) committed to a township's capital improvement plan;

(3) encumbered by a contract or purchase order;

(4) restricted for a specific use by state or federal law or other applicable state or federal rule;

(5) restricted by a contractual obligation;  or

(6) restricted by a third-party.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-6-9-4.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-6-9-4-5/

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