Indiana § 36-8-7-15 - Insufficient funds for appropriations; loans; tax levy to repay loans
Full text of Indiana Indiana Code § 36-8-7-15 — Insufficient funds for appropriations; loans; tax levy to repay loans, with citation guidance and answers to common questions.
§ 36-8-7-15. Insufficient funds for appropriations; loans; tax levy to repay loans
Sec. 15. If the appropriations for any of the purposes contemplated in section 14 of this chapter are exhausted before the end of the fiscal year for which the appropriations have been made, the unit's fiscal body shall make the necessary additional appropriations according to IC 6-1.1-18-5. If the amount of money in the general fund not otherwise appropriated is less than the additional appropriations found to be necessary, the fiscal body shall borrow the necessary money in the manner prescribed by statute for making loans by the unit. A tax shall be levied for the next year sufficient to repay the loan and the interest that has accrued.
[Pre-Local Government Recodification Citation: 19-1-37-16 part.]
As added by Acts 1981, P.L.309, SEC.57.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-8-7-15
What does Indiana Code § 36-8-7-15 cover?
Section 36-8-7-15 ("Insufficient funds for appropriations; loans; tax levy to repay loans") 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 § 36-8-7-15?
A common citation format is "Indiana Code § 36-8-7-15" (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 § 36-8-7-15 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.