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Ind. Code § 36-7-22-20

Disposal of assets and liabilities upon repeal of ordinance

Indiana · Indiana Code Title 36 — Local Government · Status: effective

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Ind. Code § 36-7-22-20, Disposal of assets and liabilities upon repeal of ordinance, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1685808
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Sec. 20. If the ordinance that established an economic improvement district is repealed, the assets and liabilities of the economic improvement district shall be disposed of in the manner determined by the unit. However, liabilities incurred by the economic improvement district are not an obligation of the unit and are payable only from the special assessments and other revenues of the district.