State Codes and Statutes
Statutes > Indiana > Title13 > Ar26 > Ch7
IC 13-26-7
Chapter 7. Payment of District Expenses
IC 13-26-7-1
Records
Sec. 1. Each district must keep proper records showing the
district's finances.
As added by P.L.1-1996, SEC.16.
IC 13-26-7-2
Advancement of money
Sec. 2. A local, state, or federal agency or person may advance or
give a district money to be used by the district for the following
purposes:
(1) The preparation of a plan for the operation of the district.
(2) Other purposes of the district until the district is in receipt
of revenue from its operations or proceeds from the sale of
bonds.
As added by P.L.1-1996, SEC.16.
IC 13-26-7-3
Repayment of money
Sec. 3. When a district receives revenue for its operations or
proceeds from the sale of bonds, the district shall repay any money
advanced to the advancing agency in the manner agreed.
As added by P.L.1-1996, SEC.16.
IC 13-26-7-4
Dissolution of district; interest in assets; limitations
Sec. 4. If the commissioner orders a district dissolved as permitted
in IC 13-26-6-4, the interest an entity has in the assets of the district
is limited to those assets remaining after the payment of all other
liabilities of the district.
As added by P.L.1-1996, SEC.16.
