Indiana Code 8-16-3-3. Tax levy
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Sec. 3. (a) To provide for the cumulative bridge fund, county executives and municipal legislative bodies may levy a tax in compliance with IC 6-1.1-41 not to exceed ten cents ($0.10) on each one hundred dollars ($100) assessed valuation of all taxable personal and real property within the county or municipality.
(c) An appropriation from the bridge fund may be made without the approval of the department of local government finance if:
(b) The tax, when collected, shall be held in a special fund to be known as the bridge fund.
Terms Used In Indiana Code 8-16-3-3
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Bridge: means any structure designed to carry vehicular traffic over or under an obstacle to the normal flow of traffic and including any grade separation, culvert, or approach to a bridge. See Indiana Code 8-16-3-1.5
(1) the county executive requests the appropriation; and
(2) the appropriation is for the purpose of constructing, maintaining, or repairing bridges, approaches, or grade separations.
Formerly: Acts 1951, c.299, s.3; Acts 1975, P.L.92, SEC.1. As amended by P.L.24-1986, SEC.33; P.L.86-1988, SEC.20; P.L.118-1989, SEC.1; P.L.17-1995, SEC.9; P.L.6-1997, SEC.136; P.L.90-2002, SEC.322.