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

1. (b) Before a governing body may collect property taxes for a capital projects fund in a particular year, the governing body must:

   1. (1) after January 1; and

   2. (2) not later than November 1;

      of the immediately preceding year, hold a public hearing on a proposed or amended plan and pass a resolution to adopt the proposed or amended plan.

Sec. 8.1. (a) This section does not apply to a school corporation that elects to adopt a budget under IC 6-1.1-17-5.6 , unless a resolution adopted under IC 6-1.1-17-5.6 (d) by the governing body of the school corporation is in effect.

As added by P.L.182-2009(ss), SEC.353. Amended by P.L.111-2010, SEC.5; P.L.172-2011, SEC.125.