Sec. 4.5. As used in this chapter, "unrestricted funds" means cash reserves that are not: (1) obligated by a township's following year budget; (2) committed to a township's capital improvement plan; (3) encumbered by a contract or purchase order;
(4) restricted for a specific use by state or federal law or other applicable state or federal rule; (5) restricted by a contractual obligation; or (6) restricted by a third-party. As added by P.L.173-2025, SEC.35.