Indiana Code 36-9-14.5-8. Cumulative capital development fund; transfer between funds; expenditures
(b) In a county having a consolidated city, money may be transferred from the fund to the fund of a department of the consolidated city responsible for carrying out a purpose for which the cumulative capital development fund was created. The department may not expend any money so transferred until an appropriation is made and the department may not expend any money so transferred for operating costs of the department.
Terms Used In Indiana Code 36-9-14.5-8
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
(1) issues a declaration that the public health, welfare, or safety is in immediate danger that requires the expenditure of money in the fund; or
(2) certifies in the minutes of the county executive that the money is contributed to the authority for capital development purposes.
As added by P.L.44-1984, SEC.16. Amended by P.L.82-1985, SEC.4; P.L.346-1989(ss), SEC.8; P.L.17-1995, SEC.30.