The fiscal officer of an entity receiving a grant under this chapter shall:(1) establish a separate account within the entity's general fund; and(2) deposit any grant proceeds received under this chapter in the account.The department of local government finance may not reduce an entity's maximum or actual property tax levy under IC 6-1.1-18.5 on account of grant money deposited in the account.[Pre-2003 Recodification Citation: 10-4-1-29(k).]As added by P.L.2-2003, SEC.5. Amended by P.L.107-2007, SEC.7.
Indiana Legal Code