Indiana § 10-16-4-7 - Record of receipts and disbursements; funds; reports
Full text of Indiana Indiana Code § 10-16-4-7 — Record of receipts and disbursements; funds; reports, with citation guidance and answers to common questions.
§ 10-16-4-7. Record of receipts and disbursements; funds; reports
Sec. 7. (a) A local armory board may retain all rental, income, earnings, and any and all other receipts accrued through its operation of the local armory.
(b) The local armory board shall keep a full and complete record of funds the board receives and disburses. The report is subject to audit and submitted to the adjutant general not later than July 1 of each year and at other times as the adjutant general requires.
(c) A local armory board, subject to approval of the state armory board, may expend revenue received for the improvement, including street improvement, alterations, repair, and maintenance of the armory and facilities under its control. The local armory board may expend the funds for the benefit of state military organizations assigned to the local armory. If the funds are not needed for the operation, repair, and maintenance of the armory, or if a military organization is not assigned to the armory, the state armory board may order the funds turned over to the state armory board. The transferred funds may be used for the benefit of other armories of the state or of the national guard of the state or expended as a whole.
[Pre-2003 Recodification Citation: 10-2-2-30.]
As added by P.L.2-2003, SEC.7.
IC 10-16-5Chapter 5. Military Department of Indiana Ceremonial Unit
10-16-5-1Organization, maintenance, and purpose of unit 10-16-5-2Members 10-16-5-3Duties of members 10-16-5-4Acceptance of gifts
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 10-16-4-7
What does Indiana Code § 10-16-4-7 cover?
Section 10-16-4-7 ("Record of receipts and disbursements; funds; reports") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 10-16-4-7?
A common citation format is "Indiana Code § 10-16-4-7" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 10-16-4-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.