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Ind. Code § 8-1-11.1-12

This is the official text of Ind. Code § 8-1-11.1-12, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.

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Expenditures of current income; vouchers

Official statutory text

Sec. 12. The current receipts and all other moneys derived from the operation of any such utility property shall be expended by said board of directors upon vouchers in a form to be determined by them, and any such funds shall be deposited in such bank or banks as may be determined by said board to the credit of said board of directors for utilities, and any interest earned on any such deposits shall be added to the principal thereof. No appropriation in any form shall be necessary for the expenditure of any of such current income or for the expenditure of the proceeds of any sale of bonds, or of any other obligations, as authorized under this chapter, but all funds arising under this chapter shall be deemed appropriated for the respective purposes set forth in this chapter and shall be under the control of the board of directors for utilities as provided in this chapter, and said board of directors shall have full, complete and exclusive authority to expend such funds for the purposes set forth in this chapter.

[Pre-Local Government Recodification Citation: 19-3-24-12.]

As added by Acts 1981, P.L.11, SEC.43. Amended by P.L.136-2018, SEC.64.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.