§ 135-271 — County rainy day fund
Revised Code of the Consolidated City and County of Indianapolis-Marion County (Supp. No. 47, Update 2: codified through Ordinance No. 42, 2026, passed June 1, 2026) · Indianapolis-Marion County Revised Code § 135-271
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Sec. 135-271. - County rainy day fund.
There is hereby created a special fund to be designated the "county rainy day fund" pursuant to IC 36-1-8-5.1 to be used for the same purposes for which property taxes and county option income taxes may be used. The fund shall be administered by the county auditor. The fund shall consist of all unused and unencumbered funds received by the county under IC 36-1-8-5, IC 6-3.5-6-17.3, or any other funding source not otherwise prohibited by law. This fund shall be a continuing, nonreverting fund, with all balances remaining therein at the end of the year. Such balances shall not lapse into the county general fund or ever be directly or indirectly diverted in any manner for uses other than those stated in this section. Amounts shall be paid from such fund only pursuant to appropriations authorized by the city-county council.
(G.O. 32, 2004, § 1)