State Codes and Statutes
Statutes > Indiana > Title36 > Ar9 > Ch16.5
IC 36-9-16.5
Chapter 16.5. Municipal Cumulative Street Fund
IC 36-9-16.5-1
Application of chapter
Sec. 1. This chapter applies to all municipalities.
As added by Acts 1981, P.L.307, SEC.2.
IC 36-9-16.5-2
Establishment by municipality; purposes
Sec. 2. (a) A municipality may establish a cumulative street fund
to provide money for:
(1) the acquisition of rights-of-way for public ways or
sidewalks; or
(2) the construction or reconstruction of public ways or
sidewalks.
(b) A cumulative street fund may be established by a municipal
legislative body through the adoption of a resolution.
As added by Acts 1981, P.L.307, SEC.2.
IC 36-9-16.5-3
Source of revenues
Sec. 3. (a) Revenues which may be deposited to the cumulative
street fund include:
(1) all or part of the revenues from any property tax levy
dedicated for road and street purposes;
(2) all or part of the municipality's federal revenue sharing
funds; or
(3) other sources by resolution of the municipal legislative
body.
(b) Appropriations may be made from the cumulative street fund
for the purpose authorized under section 2.
(c) Monies in the cumulative street fund do not revert to the
general fund at the end of any fiscal year.
As added by Acts 1981, P.L.307, SEC.2.
