Indiana Code 36-10-3-21. Cumulative building fund; establishment; levy of tax; collection of tax
(1) building, remodeling, and repair of park and recreation facilities; or
Terms Used In Indiana Code 36-10-3-21
- Board: refers to a park and recreation board. See Indiana Code 36-10-3-2
- Property: includes personal and real property. See Indiana Code 1-1-4-5
In addition to the requirements of IC 6-1.1-41, before a fund may be established, the proposed action must be approved by the fiscal body of the unit.
(b) To provide for the cumulative building fund, the unit’s fiscal body may levy a tax in compliance with IC 6-1.1-41 not to exceed one and sixty-seven hundredths cents ($0.0167) on each one hundred dollars ($100) of assessed valuation of taxable property within the unit.
(c) The tax shall be collected and held in a special fund known as the unit’s park and recreation cumulative building fund.
[Pre-Local Government Recodification Citation: 19-7-4-25.5.]
As added by Acts 1981, P.L.309, SEC.110. Amended by Acts 1981, P.L.45, SEC.93; P.L.358-1987, SEC.2; P.L.17-1995, SEC.42; P.L.6-1997, SEC.231.