Indiana Code Title 5. State and Local Administration § 5-11-1-4

Sec. 4. (a) The state examiner shall require from every audited entity financial reports covering the full period of each fiscal year.  These reports shall be prepared, verified, and filed with the state examiner as set forth in the uniform compliance guidelines.  The reports must be in the form and content prescribed by the state examiner and filed electronically in the manner prescribed under IC 5-14-3.8-7.

(b) The department of local government finance may not approve the budget of a political subdivision or a supplemental appropriation for a political subdivision until the political subdivision files an annual report under subsection (a) for the preceding calendar year.

(c) As used in this subsection, “bonds” means any bonds, notes, or other evidences of indebtedness, whether payable from property taxes, other taxes, revenues, fees, or any other source.  However, the term does not include notes, warrants, or other evidences of indebtedness that have a maturity of not more than five (5) years and that are made in anticipation of and to be paid from revenues of the political subdivision.  Notwithstanding any other law, a county or municipality may not issue any bonds unless the county or municipality has filed an annual financial report with the state examiner for the preceding fiscal year.  The requirements under this subsection for the issuance of bonds by a county or municipality are in addition to any other requirements imposed under any other law.  This subsection applies to the issuance of bonds authorized under any statute, regardless of whether that statute specifically references this subsection or the requirements under this subsection.