Indiana § 5-1-2-1 - Specific projects; lapse
Full text of Indiana Indiana Code § 5-1-2-1 — Specific projects; lapse, with citation guidance and answers to common questions.
§ 5-1-2-1. Specific projects; lapse
Sec. 1. Appropriations of money from the capital projects fund and proceeds of bonds, notes, and other written obligations issued by or in the name of any:
(1) county, township, city, incorporated town;
(2) school corporation or state educational institution; or
(3) other political, municipal, public or quasi-public corporation, special assessment or taxing district, or any authorized body of that corporation or district;
for a specific project shall not lapse at the end of the year in which the appropriation was made, but shall remain in full force and effect without reappropriation until the purpose for which the appropriation was made has been accomplished or abandoned.
Formerly: Acts 1967, c.150, s.1. As amended by P.L.47-1989, SEC.1; P.L.41-1993, SEC.2; P.L.2-2007, SEC.65.
IC 5-1-3Chapter 3. Facsimile Signatures on Obligations
5-1-3-1Definitions 5-1-3-2Facsimile or electronic signature 5-1-3-3Interest coupons; signatures
Frequently Asked Questions About Indiana § 5-1-2-1
What does Indiana Code § 5-1-2-1 cover?
Section 5-1-2-1 ("Specific projects; lapse") 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 § 5-1-2-1?
A common citation format is "Indiana Code § 5-1-2-1" (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 § 5-1-2-1 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.