Sec. 3. (a) A political subdivision that decides to establish a fund under this chapter must:

(1) give notice of the proposal to the affected taxpayers; and

Terms Used In Indiana Code 6-1.1-41-3

(2) hold a public hearing on the proposal;

before presenting the proposal to the department of local government finance for approval.

     (b) Notice of the proposal and of the public hearing shall be given by publication in accordance with IC 5-3-1.

     (c) For a cumulative fund authorized under IC 3-11-6 or IC 8-10-5-17, the political subdivision imposing a property tax levy shall post a notice of the proposal and the public hearing in three (3) public places in the political subdivision.

     (d) A notice required by this section must be in the form prescribed by the department of local government finance.

     (e) If a political subdivision adopts a proposal to establish a fund or modify a tax rate under this chapter at a public hearing held in accordance with this section, the political subdivision shall publish notice of adoption in accordance with IC 5-3-1-2(i) in a manner prescribed by the department of local government finance.

As added by P.L.17-1995, SEC.6. Amended by P.L.90-2002, SEC.274; P.L.137-2012, SEC.41; P.L.38-2021, SEC.39.