Indiana Code 36-9-16.5-3. Source of revenues
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Sec. 3. (a) Revenues which may be deposited to the cumulative street fund include:
(2) all or part of the municipality’s federal revenue sharing funds; or
(1) all or part of the revenues from any property tax levy dedicated for road and street purposes;
Terms Used In Indiana Code 36-9-16.5-3
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) other sources by resolution of the municipal legislative body.
(b) Appropriations may be made from the cumulative street fund for the purpose authorized under section 2.
(c) Monies in the cumulative street fund do not revert to the general fund at the end of any fiscal year.
As added by Acts 1981, P.L.307, SEC.2.