As used in this chapter, "unrestricted funds" means cash reserves that are not:
- (1) obligated by a township's following year budget;
- (2) committed to a township's capital improvement plan;
- (3) encumbered by a contract or purchase order;
- (4) restricted for a specific use by state or federal law or other applicable state or federal rule;
- (5) restricted by a contractual obligation; or
- (6) restricted by a third-party.
As added by P.L.173-2025, SEC.35.