36-9-13-41. Dissolution of authority

IN Code § 36-9-13-41 (2019) (N/A)
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Sec. 41. (a) This section does not apply to a county having a consolidated city.

(b) The county fiscal body and the municipal fiscal body of the county seat may by concurrent resolution dissolve a building authority. They may consider dissolving the building authority at any time, but they shall consider dissolving the building authority when they are presented with a petition signed by twenty percent (20%) of the registered voters residing in the county or thirty-five percent (35%) of the registered voters residing in the county seat.

(c) The concurrent resolution must provide a plan for paying any obligations, including bonds, of the building authority and for the disposition of the funds and property of the building authority.

[Pre-Local Government Recodification Citation: 19-8-4-26.6.]

As added by Acts 1981, P.L.309, SEC.86.