Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION
355 chapters · 3,747 sections in this title.
Ind. Code § 5-13-9.3-1 "Capital asset"
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Sec. 1. As used in this chapter, "capital asset" means a building, a fixture, a structure, an improvement, or land. As added by P.L.139-2015, SEC.2.
Ind. Code § 5-13-9.3-2 "Fund"
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Sec. 2. As used in this chapter, "fund" means a fund established under section 4 of this chapter. As added by P.L.139-2015, SEC.2.
Ind. Code § 5-13-9.3-3 Investment of proceeds from certain capital assets; ordinance
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or resolution Sec. 3. (a) Subject to the requirements of this chapter, the fiscal body of a political subdivision may adopt an ordinance (in the case of a county or municipality) or a resolution (in the case of any other political subdivision) to authorize the investment of proce…
Ind. Code § 5-13-9.3-4 Establishment of separate fund; investment powers; agreement
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with investment advisor; expenditure or transfer of money in the fund Sec. 4. (a) Except as provided in subsection (d), if the fiscal body of a political subdivision adopts an ordinance or a resolution under section 3 of this chapter for a particular capital asset, the fiscal off…
Ind. Code § 5-13-9.3-5 Principal and interest of money in the fund; appropriation
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required; limits Sec. 5. The following apply to money deposited in the fund: (1) The principal of the fund consists of: (A) the amount deposited in the fund as the proceeds from the sale of the capital asset; plus (B) any investment income that is: (i) earned on money in the fund…
Ind. Code § 5-13-9.3-6 Department of local government finance may not reduce levy
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Sec. 6. The department of local government finance may not reduce a political subdivision's property tax levy under IC 6-1.1-18.5 or any other law on account of money deposited in a fund established under this chapter. As added by P.L.139-2015, SEC.2.