Terms Used In Indiana Code 36-10-8-10

  • Board: refers to a capital improvement board of managers subject to or created under this chapter. See Indiana Code 36-10-8-2
   Sec. 10. All operational expenses actually incurred by the board within the approved budget necessary to be paid before the receipt of income by the board from the leasing or use of a capital improvement, and any expenses that cannot be paid from that income because of an excess of expenses over income, shall be met and paid by funds in the capital improvement fund.

As added by Acts 1982, P.L.218, SEC.3.