Indiana Code 36-10-8-9. Deposit of net income from operation of capital improvements
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Terms Used In Indiana Code 36-10-8-9
- Board: refers to a capital improvement board of managers subject to or created under this chapter. See Indiana Code 36-10-8-2
- Net income: means the gross income after deducting:
Indiana Code 36-10-8-2
Sec. 9. The net income received by the board from the operation of capital improvements under this chapter shall be deposited semiannually on June 1 and December 1 in the capital improvement fund provided in section 12 of this chapter. However, if there are bonds outstanding, the net income from the convention center shall be deposited in the capital improvement bond fund provided in section 13 of this chapter.
As added by Acts 1982, P.L.218, SEC.3.