Sec. 5. This chapter applies to a township if the total amount of funds in a township's capital improvement funds exceeds:
(1) one hundred fifty percent (150%) of the township's total annual budget estimate prepared under IC 6-1.1-17-2 for the ensuing year; and
(2) two hundred thousand dollars ($200,000).
As added by P.L.129-2019, SEC.4.
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