"Net income"

Ind. Code § 36-10-16-13
in effect
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Sec. 13. As used in this chapter, "net income" means the gross income after deducting: (1) the necessary operational expenses of the board in performing its duties (the expenses not to exceed the amount budgeted or approved); and (2) any reserve provided for in the budget. As added by P.L.141-2025, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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