(a) A political subdivision that decides to establish a fund under this chapter must:
- (1) give notice of the proposal to the affected taxpayers; and
(2) hold a public hearing on the proposal;
before presenting the proposal to the department of local government finance for approval.
- (b) Notice of the proposal and of the public hearing shall be given by publication in accordance with IC 5-3-1 .
- (c) For a cumulative fund authorized under IC 3-11-6 or IC 8-10-5-17 , the political subdivision imposing a property tax levy shall post a notice of the proposal and the public hearing in three (3) public places in the political subdivision.
- (d) A notice required by this section must be in the form prescribed by the department of local government finance.
- (e) If a political subdivision adopts a proposal to establish a fund or modify a tax rate under this chapter at a public hearing held in accordance with this section, the political subdivision shall publish notice of adoption in accordance with IC 5-3-1-2 (i) in a manner prescribed by the department of local government finance.
As added by P.L.17-1995, SEC.6. Amended by P.L.90-2002, SEC.274; P.L.137-2012, SEC.41; P.L.38-2021, SEC.39.