"Unrestricted funds"

Ind. Code § 36-6-9-4.5
in effect
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Sec. 4.5. As used in this chapter, "unrestricted funds" means cash reserves that are not: (1) obligated by a township's following year budget; (2) committed to a township's capital improvement plan; (3) encumbered by a contract or purchase order; (4) restricted for a specific use by state or federal law or other applicable state or federal rule; (5) restricted by a contractual obligation; or (6) restricted by a third-party. As added by P.L.173-2025, SEC.35.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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