Transfer of fund balance; revision
Sec. 15. If the political subdivision establishing a fund:
(1) decides that the purposes for which the fund was established
have been accomplished or no longer exist; or
(2) rescinds the tax levy for the fund;
the governing body establishing the fund for the political subdivision
may transfer the balance in the fund to the general fund of the
political subdivision. The money in a fund does not otherwise revert
to the general fund of a political subdivision at the end of the
political subdivision's fiscal year.
As added by P.L.17-1995, SEC.6.
Last modified: May 28, 2006