Sec. 12. (a) This section does not prohibit:

(1) the city works board from making long term contracts for utility services under IC 36-9; or

Terms Used In Indiana Code 36-4-8-12

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) a department from issuing bonds or other obligations authorized by law.

     (b) Except as provided in subsection (c), a city department, officer, or employee may not obligate the city to any extent beyond the amount of money appropriated for that department, officer, or employee. An obligation made in violation of this section is void.

     (c) A city department, officer, or employee may obligate the city beyond the amount of money appropriated for that department, officer, or employee if:

(1) the obligation is made under a multi-year interlocal cooperation agreement entered into by the city and one (1) or more political subdivisions or governmental entities under IC 36-1-7; and

(2) the agreement described in subdivision (1) is approved by the fiscal body of the city.

     (d) An obligation described in subsection (c) may be terminated:

(1) if the city provides notice of the termination of the obligation at least one (1) year before the termination of the obligation; or

(2) the city and the political subdivisions or governmental entities that have entered into the interlocal cooperation agreement otherwise agree to the termination.

[Pre-Local Government Recodification Citation: 18-1-6-8.]

As added by Acts 1980, P.L.212, SEC.3. Amended by P.L.30-2012, SEC.2.