Indiana § 12-20-25-33 - Operating budget; financial plan; adoption
Full text of Indiana Indiana Code § 12-20-25-33 — Operating budget; financial plan; adoption, with citation guidance and answers to common questions.
§ 12-20-25-33. Operating budget; financial plan; adoption
Sec. 33. (a) Upon receipt of the report required in section 32 of this chapter, the control board shall adopt the following:
(1) An operating budget for the trustee's office.
(2) A financial plan that will ensure that future revenue will do the following:
(A) Cover operating expenses and pay township assistance claims that are incurred during the time that the township is a controlled township not more than thirty (30) days after the claims are presented for payment.
(B) Satisfy the outstanding valid and reasonable claims of creditors that are approved under section 27 or 28 of this chapter within three (3) years.
(C) Retire outstanding bonded indebtedness, the proceeds of which were advanced to the distressed township, and repay outstanding loans or advances made for township assistance in the distressed township within three (3) years.
(b) If the county fiscal body submits a financial plan under section 32(b) of this chapter, the control board shall adopt the fiscal body's plan if the control board finds that the plan will accomplish the purposes set forth in subsection (a)(2).
[Pre-1992 Revision Citation: 12-2-14-28.]
As added by P.L.2-1992, SEC.14. Amended by P.L.73-2005, SEC.134.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 12-20-25-33
What does Indiana Code § 12-20-25-33 cover?
Section 12-20-25-33 ("Operating budget; financial plan; adoption") 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 § 12-20-25-33?
A common citation format is "Indiana Code § 12-20-25-33" (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 § 12-20-25-33 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.