Ind. Code § 36-10-8-2

Current through P.L. 171-2024

Section 36-10-8-2 - Definitions

As used in this chapter:

"Board" refers to a capital improvement board of managers subject to or created under 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.

IC 36-10-8-2

As added by Acts1982 , P.L. 218, SEC.3.