Ind. Code § 6-1.1-41-15

Current through P.L. 171-2024

Section 6-1.1-41-15 - Transfer of fund balance; revision

If the political subdivision establishing a fund:

(1) decides that the purposes for which the fund was established have been accomplished or no longer exist; or

(2) rescinds the tax levy for the fund;

the governing body establishing the fund for the political subdivision may transfer the balance in the fund to the general fund of the political subdivision. The money in a fund does not otherwise revert to the general fund of a political subdivision at the end of the political subdivision's fiscal year.

IC 6-1.1-41-15

As added by P.L. 17-1995, SEC.6.