Section 36-1.5-4-34.5 - Establishment of equipment replacement funds(a) This section applies to a reorganization under this chapter that: (1) occurs after June 30, 2006; and(2) involves one (1) or more municipalities and one (1) or more townships, all of which are participating units in a fire protection territory on the date the reorganization is approved by voters.(b) The fiscal body of a reorganized political subdivision that results from a reorganization described in subsection (a) may:(1) establish an equipment replacement fund under IC 36-8-19-8.5 and impose a property tax for the fund as provided in IC 36-8-19-8.5; and(2) take any other action under IC 36-8-19-8.5 that may be taken under that section by a participating unit in a fire protection territory.(c) If a reorganized political subdivision establishes an equipment replacement fund under IC 36-8-19-8.5 as authorized by this section, the department of local government finance may adjust the maximum permissible ad valorem property tax levy that would otherwise apply to the reorganized political subdivision in the same manner in which the department may adjust the maximum permissible ad valorem property tax levy of a civil taxing unit under IC 6-1.1-18.5-10.5 to meet the civil taxing unit's obligations to a fire protection territory established under IC 36-8-19.Added by P.L. 255-2013, SEC. 8, eff. 7/1/2013.