Indiana Code 36-10-8-2. Definitions
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Sec. 2. As used in this chapter:
“Net income” means the gross income after deducting:
“Board” refers to a capital improvement board of managers subject to or created under this chapter.
Terms Used In Indiana Code 36-10-8-2
- Board: refers to a capital improvement board of managers subject to or created under this chapter. See Indiana Code 36-10-8-2
(1) the necessary operational expenses of the board in performing its duties (the expenses not to exceed the amount budgeted or approved); and
(2) any reserve provided for in the budget.
As added by Acts 1982, P.L.218, SEC.3.