Townships required to adopt plan

Sec. 5. (a) Before January 1, 2028, this chapter applies to a township if the total amount of funds in a township's capital improvement funds exceeds: (1) one hundred fifty percent (150%) of the township's total annual budget estimate prepared under IC 6-1.1-17-2 for the ensuing year; and (2) two hundred thousand dollars ($200,000). (b) After December 31, 2027, this chapter applies to all townships, including those townships that have merged under IC 36-6-1.5 or reorganized under IC 36-1.5. As added by P.L.129-2019, SEC.4. Amended by P.L.173-2025, SEC.36; P.L.156-2026, SEC.28.