Current through P.L. 171-2024
Section 8-16-3-3 - Tax levy(a) To provide for the cumulative bridge fund, county executives and municipal legislative bodies may levy a tax in compliance with IC 6-1.1-41 not to exceed ten cents ($0.10) on each one hundred dollars ($100) assessed valuation of all taxable personal and real property within the county or municipality.(b) The tax, when collected, shall be held in a special fund to be known as the bridge fund.(c) An appropriation from the bridge fund may be made without the approval of the department of local government finance if: (1) the county executive requests the appropriation; and(2) the appropriation is for the purpose of constructing, maintaining, or repairing bridges, approaches, or grade separations.(Formerly: Acts 1951, c.299, s.3; Acts1975 , P.L. 92, SEC.1.) As amended by P.L. 24-1986, SEC.33; P.L. 86-1988, SEC.20; P.L. 118-1989, SEC.1; P.L. 17-1995, SEC.9; P.L. 6-1997, SEC.136; P.L. 90-2002, SEC.322.