Note: This version of section effective until 1-1-2019. See also following repeal of this chapter, effective 1-1-2019.

1. (b) The resolution of the governing body must be in the form prescribed by the department of local government finance and must contain at least the following:

   1. (1) The annual amount permitted to be expended from the fund each year.
   2. (2) The duration of the fund, which may not exceed five (5) years.

   3. (3) That the sources for the fund for each year must be from either the general fund or the capital projects fund, or both.

      [Pre-2006 Recodification Citation: 21-2-5.5-3.]

Sec. 3. (a) The procedure for establishing a fund is the same as the procedure to be used in making an additional appropriation under IC 6-1.1-18-5 .

As added by P.L.2-2006, SEC.163.