CHAPTER 2. NONREVERTING APPROPRIATIONS
IC 5-1-2
Chapter 2. Nonreverting Appropriations
IC 5-1-2-1
Specific projects; lapse
Sec. 1. Appropriations of money from the capital projects fund
and proceeds of bonds, notes, and other written obligations issued by
or in the name of any:
(1) county, township, city, incorporated town;
(2) school corporation or state educational institution; or
(3) other political, municipal, public or quasi-public
corporation, special assessment or taxing district, or any
authorized body of that corporation or district;
for a specific project shall not lapse at the end of the year in which
the appropriation was made, but shall remain in full force and effect
without reappropriation until the purpose for which the appropriation
was made has been accomplished or abandoned.
(Formerly: Acts 1967, c.150, s.1.) As amended by P.L.47-1989,
SEC.1; P.L.41-1993, SEC.2; P.L.2-2007, SEC.65.