Indiana § 36-12-12-3 - Plan of revenues and expenditures; hearing; notice
Full text of Indiana Indiana Code § 36-12-12-3 — Plan of revenues and expenditures; hearing; notice, with citation guidance and answers to common questions.
§ 36-12-12-3. Plan of revenues and expenditures; hearing; notice
Sec. 3. (a) Before a library board may collect property taxes for a capital projects fund in a particular year, the library board must, after January 1 and before May 15 of the immediately preceding year, hold a public hearing on a proposed plan, pass a resolution to adopt a plan, and submit the plan for approval or rejection by the fiscal body designated in section 4 of this chapter.
(b) The department of local government finance shall prescribe the format of the plan. A plan must apply to at least the three (3) years immediately following the year the plan is adopted. A plan must estimate for each year to which the plan applies the nature and amount of proposed expenditures from the capital projects fund. A plan must estimate:
(1) the source of all revenue to be dedicated to the proposed expenditures in the upcoming budget year; and
(2) the amount of property taxes to be collected in that year and retained in the fund for expenditures proposed for a later year.
(c) If a hearing is scheduled under subsection (a), the governing body shall publish the proposed plan and a notice of the hearing in accordance with IC 5-3-1-2(b).
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-14-13-5.]
As added by P.L.1-2005, SEC.49.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-12-12-3
What does Indiana Code § 36-12-12-3 cover?
Section 36-12-12-3 ("Plan of revenues and expenditures; hearing; notice") 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 § 36-12-12-3?
A common citation format is "Indiana Code § 36-12-12-3" (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 § 36-12-12-3 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.