A district may establish a cumulative improvement fund under IC 6-1.1-41 to provide money for the construction, additional construction, or repair of the works of improvement the district:

1. (1) is authorized to construct; and

2. (2) states in the district plan, or part of or amendment to the plan, is a purpose of the fund.

   [Pre-1995 Recodification Citation: 13-3-5-2.]

As added by P.L.1-1995, SEC.26. Amended by P.L.17-1995, SEC.14.