1. (a) The board of a district that determines to establish a fund shall state this determination in the district plan or in any part or amendment to the plan. Notice to this effect shall be made a part of all notices concerning approval of the district plan or a part of or amendment to the plan, including implementation of the plan. The plan must specify the:

   1. (1) works of improvement;
   2. (2) additions to the works of improvement; or

   3. (3) repair of the works of improvement;

      that are to be financed by the fund.

2. (b) When:

   1. (1) the district plan;
   2. (2) part of the district plan; or

   3. (3) an amendment to the district plan;

      is approved by the court having jurisdiction of the district, the fund is established.

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

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