CHAPTER 14.5. COUNTY CUMULATIVE CAPITAL DEVELOPMENT FUND - Indiana Statutes

IC 36-9-14.5
     Chapter 14.5. County Cumulative Capital Development Fund

IC 36-9-14.5-1
Application of chapter
     Sec. 1. This chapter applies to all counties.
As added by P.L.44-1984, SEC.16.

IC 36-9-14.5-2
Authorization of fund; purpose
     Sec. 2. The county legislative body may establish a cumulative capital development fund under IC 6-1.1-41 to provide money for any purpose for which property taxes may be imposed within the county under the authority of:
        IC 3-11-6-9;
        IC 8-16-3;
        IC 8-16-3.1;
        IC 8-22-3-25;
        IC 14-27-6-48;
        IC 14-33-14;
        IC 16-22-8-41;
        IC 16-22-5-2 through IC 16-22-5-15;
        IC 36-9-14;
        IC 36-9-15;
        IC 36-9-16-2;
        IC 36-9-16-3;
        IC 36-9-27-100; or
        IC 36-10-3-21.
As added by P.L.44-1984, SEC.16. Amended by P.L.5-1986, SEC.60; P.L.213-1986, SEC.7; P.L.199-1988, SEC.3; P.L.2-1993, SEC.206; P.L.1-1995, SEC.86; P.L.17-1995, SEC.28.

IC 36-9-14.5-3
Repealed
    (Repealed by P.L.17-1995, SEC.45.)

IC 36-9-14.5-4
Repealed
     (Repealed by P.L.17-1995, SEC.45.)

IC 36-9-14.5-5
Repealed
     (Repealed by P.L.17-1995, SEC.45.)

IC 36-9-14.5-6
Tax levy; rate of tax
     Sec. 6. (a) Except as provided in subsection (c), the county fiscal body may provide money for the cumulative capital development fund by levying a tax in compliance with IC 6-1.1-41 on the taxable property in the county.     (b) The maximum property tax rate that may be imposed for property taxes first due and payable during a particular year in a county in which the county option income tax or the county adjusted gross income tax is in effect on January 1 of that year, depends upon the number of years the county has previously imposed a tax under this chapter and is determined under the following table:
    NUMBER     TAX RATE PER $100
    OF YEARS     OF ASSESSED
         VALUATION
    0     $0.0167
    1 or more     $0.0333
    (c) The maximum property tax rate that may be imposed for property taxes first due and payable during a particular year in a county in which neither the county option income tax nor the county adjusted gross income tax is in effect on January 1 of that year, depends upon the number of years the county has previously imposed a tax under this chapter and is determined under the following table:
    NUMBER     TAX RATE PER $100
    OF YEARS     OF ASSESSED
         VALUATION
    0     $0.0133
    1 or more     $0.0233
As added by P.L.44-1984, SEC.16. Amended by P.L.17-1995, SEC.29; P.L.146-2008, SEC.791.

IC 36-9-14.5-7
Repealed
     (Repealed by P.L.17-1995, SEC.45.)

IC 36-9-14.5-8
Cumulative capital development fund; transfer between funds; expenditures
     Sec. 8. (a) The tax money collected under this chapter shall be held in a special fund to be known as the cumulative capital development fund.
    (b) In a county having a consolidated city, money may be transferred from the fund to the fund of a department of the consolidated city responsible for carrying out a purpose for which the cumulative capital development fund was created. The department may not expend any money so transferred until an appropriation is made and the department may not expend any money so transferred for operating costs of the department.
    (c) Money held in the cumulative capital development fund may be spent for purposes other than the purposes stated in section 2 of this chapter, if the purpose is to protect the public health, welfare, or safety in an emergency situation that demands immediate action or to contribute to an authority established under IC 36-7-23. Money may be spent under the authority of this subsection only after the county executive:
        (1) issues a declaration that the public health, welfare, or safety

is in immediate danger that requires the expenditure of money in the fund; or
        (2) certifies in the minutes of the county executive that the money is contributed to the authority for capital development purposes.
As added by P.L.44-1984, SEC.16. Amended by P.L.82-1985, SEC.4; P.L.346-1989(ss), SEC.8; P.L.17-1995, SEC.30.