Indiana Code 16-22-8-50. Budget
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Terms Used In Indiana Code 16-22-8-50
- board: refers to the board of a municipal corporation created under this chapter. See Indiana Code 16-22-8-2.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Sec. 50. The board shall annually prepare a budget for the operating and capital expenditures of the corporation and shall calculate the tax levy necessary to provide money for the operating and capital expenditures of the corporation. The budget shall be prepared and submitted at the same time and in the same manner and with the notices and review procedures provided by Indiana law relating to budgets by consolidated cities.
[Pre-1993 Recodification Citation: 16-12-21-45.]
As added by P.L.2-1993, SEC.5.