Ind. Code § 13-26-7-1 Records
Sec. 1. Each district must keep proper records showing the district's finances.
[Pre-1996 Recodification Citation: 13-3-2-5(h) part.]
As added by P.L.1-1996, SEC.16.
Ind. Code ch. 13-26-7
Ind. Code ch. 13-26-7
in effectInd. Code § 13-26-7-2 Advancement of money
Sec. 2. A local, state, or federal agency or person may advance or give a district money to be used by the district for the following purposes:
(1) The preparation of a plan for the operation of the district.
(2) Other purposes of the district until the district is in receipt of revenue from its operations or proceeds from the sale of bonds.
[Pre-1996 Recodification Citation: 13-3-2-5(h) part.]
As added by P.L.1-1996, SEC.16.
Ind. Code § 13-26-7-3 Repayment of money
Sec. 3. When a district receives revenue for its operations or proceeds from the sale of bonds, the district shall repay any money advanced to the advancing agency in the manner agreed.
[Pre-1996 Recodification Citation: 13-3-2-5(h) part.]
As added by P.L.1-1996, SEC.16.
Ind. Code § 13-26-7-4 Dissolution of district; interest in assets; limitations
Sec. 4. If the commissioner orders a district dissolved as permitted in IC 13-26-6-4, the interest an entity has in the assets of the district is limited to those assets remaining after the payment of all other liabilities of the district.
[Pre-1996 Recodification Citation: 13-3-2-5(h) part.]
As added by P.L.1-1996, SEC.16.
Ind. Code § 13-26-7-5 Service areas; loans
Sec. 5. (a) This section does not apply to any part of a district:
(1) that is not receiving services from the district; or
(2) in which services of the district are not available;
at the time of the occurrence of any event described in subsection (b)(1) or (b)(2).
(b) The services in those parts of a district in which they are provided or made available by the district shall not be curtailed or limited by:
(1) the inclusion of all or any part of the district's territory, by annexation or otherwise, within the boundaries of:
(A) any municipality; or
(B) the service territory of another entity that provides or seeks to provide the same services provided by the district; or
(2) the granting of any private franchise to provide the same services within all or any part of the district's territory;
during the term of any loan under which the district is obligated, regardless of whether the loan is made by a federal agency or by any other public or private lender.
(c) The occurrence of any event described in subsection (b)(1) or (b)(2) does not require a district to secure any franchise, license, or permit as a condition to continuing to provide service to any part of the district's territory served by the district at the time of the occurrence of the event.
As added by P.L.27-2022, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/13Fetched: 10/17/2026