IC 36-9-17.5
Chapter 17.5. Cumulative Township Vehicle and Building Fund
IC 36-9-17.5-1 Applicability of chapter
Sec. 1. This chapter applies to all townships. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-2 Establishment and purpose
Sec. 2. A township may establish a cumulative township vehicle
and building fund under IC 6-1.1-41 to provide money to:
(1) acquire township vehicles;
(2) purchase, construct, equip, and maintain buildings for public
purposes;
(3) acquire the land and any improvements on the land that are
necessary for the construction of public buildings;
(4) demolish any improvements on land acquired under this
section and level, grade, and prepare the land for the
construction of a public building;
(5) acquire land or rights-of-way to be used as a public way or
other means of ingress or egress to land acquired for the
construction of a public building; and
(6) improve or construct any public way or other means of
ingress or egress to land acquired for the construction of a
public building. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-3 Deposit of revenues
Sec. 3. (a) The following revenues may be deposited in the
cumulative township vehicle and building fund:
(1) All or part of the revenues from a property tax levy
dedicated for township vehicle and building purposes.
(2) Other sources of revenue specified by resolution of the
township legislative body.
(b) Appropriations may be made from the cumulative township
vehicle and building fund only for the purposes specified in section
2 of this chapter.
(c) Money in the cumulative township vehicle and building fund
does not revert to the township general fund at the end of a township
fiscal year. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-4 Tax levied to provide for fund
Sec. 4. (a) To provide for the cumulative township vehicle and
building fund authorized under this chapter, the legislative body of
a township may levy a tax on all taxable property within the
township in compliance with IC 6-1.1-41. The tax rate may not
exceed five cents ($0.05) on each one hundred dollars ($100) of
assessed valuation of property in the township for property taxes first
due and payable before January 1, 2002, or one and sixty-seven
hundredths cents ($0.0167) on each one hundred dollars ($100) of
assessed valuation of property in the township for property taxes first
due and payable after December 31, 2001.
(b) As the tax is collected, it shall be deposited in a qualified
public depository or depositories and held in a special fund known
as the cumulative township vehicle and building fund. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-5 Property tax levy limits
Sec. 5. Notwithstanding any other law, the property tax levy limits
imposed under IC 6-1.1-18.5-3 apply to property taxes imposed by
a township under this chapter. For purposes of computing the
property tax levy limit imposed on the township under
IC 6-1.1-18.5-3, the township's property tax levy for a particular
calendar year includes the levy imposed under this chapter. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5
Chapter 17.5. Cumulative Township Vehicle and Building Fund
IC 36-9-17.5-1 Applicability of chapter
Sec. 1. This chapter applies to all townships. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-2 Establishment and purpose
Sec. 2. A township may establish a cumulative township vehicle
and building fund under IC 6-1.1-41 to provide money to:
(1) acquire township vehicles;
(2) purchase, construct, equip, and maintain buildings for public
purposes;
(3) acquire the land and any improvements on the land that are
necessary for the construction of public buildings;
(4) demolish any improvements on land acquired under this
section and level, grade, and prepare the land for the
construction of a public building;
(5) acquire land or rights-of-way to be used as a public way or
other means of ingress or egress to land acquired for the
construction of a public building; and
(6) improve or construct any public way or other means of
ingress or egress to land acquired for the construction of a
public building. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-3 Deposit of revenues
Sec. 3. (a) The following revenues may be deposited in the
cumulative township vehicle and building fund:
(1) All or part of the revenues from a property tax levy
dedicated for township vehicle and building purposes.
(2) Other sources of revenue specified by resolution of the
township legislative body.
(b) Appropriations may be made from the cumulative township
vehicle and building fund only for the purposes specified in section
2 of this chapter.
(c) Money in the cumulative township vehicle and building fund
does not revert to the township general fund at the end of a township
fiscal year. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-4 Tax levied to provide for fund
Sec. 4. (a) To provide for the cumulative township vehicle and
building fund authorized under this chapter, the legislative body of
a township may levy a tax on all taxable property within the
township in compliance with IC 6-1.1-41. The tax rate may not
exceed five cents ($0.05) on each one hundred dollars ($100) of
assessed valuation of property in the township for property taxes first
due and payable before January 1, 2002, or one and sixty-seven
hundredths cents ($0.0167) on each one hundred dollars ($100) of
assessed valuation of property in the township for property taxes first
due and payable after December 31, 2001.
(b) As the tax is collected, it shall be deposited in a qualified
public depository or depositories and held in a special fund known
as the cumulative township vehicle and building fund. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-5 Property tax levy limits
Sec. 5. Notwithstanding any other law, the property tax levy limits
imposed under IC 6-1.1-18.5-3 apply to property taxes imposed by
a township under this chapter. For purposes of computing the
property tax levy limit imposed on the township under
IC 6-1.1-18.5-3, the township's property tax levy for a particular
calendar year includes the levy imposed under this chapter. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5
Chapter 17.5. Cumulative Township Vehicle and Building Fund
IC 36-9-17.5-1 Applicability of chapter
Sec. 1. This chapter applies to all townships. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-2 Establishment and purpose
Sec. 2. A township may establish a cumulative township vehicle
and building fund under IC 6-1.1-41 to provide money to:
(1) acquire township vehicles;
(2) purchase, construct, equip, and maintain buildings for public
purposes;
(3) acquire the land and any improvements on the land that are
necessary for the construction of public buildings;
(4) demolish any improvements on land acquired under this
section and level, grade, and prepare the land for the
construction of a public building;
(5) acquire land or rights-of-way to be used as a public way or
other means of ingress or egress to land acquired for the
construction of a public building; and
(6) improve or construct any public way or other means of
ingress or egress to land acquired for the construction of a
public building. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-3 Deposit of revenues
Sec. 3. (a) The following revenues may be deposited in the
cumulative township vehicle and building fund:
(1) All or part of the revenues from a property tax levy
dedicated for township vehicle and building purposes.
(2) Other sources of revenue specified by resolution of the
township legislative body.
(b) Appropriations may be made from the cumulative township
vehicle and building fund only for the purposes specified in section
2 of this chapter.
(c) Money in the cumulative township vehicle and building fund
does not revert to the township general fund at the end of a township
fiscal year. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-4 Tax levied to provide for fund
Sec. 4. (a) To provide for the cumulative township vehicle and
building fund authorized under this chapter, the legislative body of
a township may levy a tax on all taxable property within the
township in compliance with IC 6-1.1-41. The tax rate may not
exceed five cents ($0.05) on each one hundred dollars ($100) of
assessed valuation of property in the township for property taxes first
due and payable before January 1, 2002, or one and sixty-seven
hundredths cents ($0.0167) on each one hundred dollars ($100) of
assessed valuation of property in the township for property taxes first
due and payable after December 31, 2001.
(b) As the tax is collected, it shall be deposited in a qualified
public depository or depositories and held in a special fund known
as the cumulative township vehicle and building fund. As added by P.L.129-1999, SEC.2.
IC 36-9-17.5-5 Property tax levy limits
Sec. 5. Notwithstanding any other law, the property tax levy limits
imposed under IC 6-1.1-18.5-3 apply to property taxes imposed by
a township under this chapter. For purposes of computing the
property tax levy limit imposed on the township under
IC 6-1.1-18.5-3, the township's property tax levy for a particular
calendar year includes the levy imposed under this chapter. As added by P.L.129-1999, SEC.2.
