Indiana § 8-22-2-16 - Transfer of funds to general fund of entity
Full text of Indiana Indiana Code § 8-22-2-16 — Transfer of funds to general fund of entity, with citation guidance and answers to common questions.
§ 8-22-2-16. Transfer of funds to general fund of entity
Sec. 16. Whenever the board of an eligible entity accumulates funds that are derived from sources other than from the operation of the airport and that are not needed for the operation or maintenance of the airport, the board, upon a majority vote of its members, may without notice transfer all or part of the funds to the general fund of the entity if the funds were not derived from taxation. This section does not apply to funds derived from lands leased from the federal government.
[Pre-Local Government Recodification Citation: 19-6-1-18.]
As added by Acts 1980, P.L.8, SEC.73.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-22-2-16
What does Indiana Code § 8-22-2-16 cover?
Section 8-22-2-16 ("Transfer of funds to general fund of entity") 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 § 8-22-2-16?
A common citation format is "Indiana Code § 8-22-2-16" (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 § 8-22-2-16 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.