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IC 5-22-2-23 — "Public funds"

Chapter 2. Definitions

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Sec. 23. (a) "Public funds" means money: (1) derived from the revenue sources of the governmental body; and (2) deposited into the general or a special fund of the governmental body. (b) The term does not include either of the following: (1) Money received by a person under an authorized public-private agreement under IC 5-23. (2) Proceeds of bonds payable exclusively by, or used by, a private entity.

As added by P.L.49-1997, SEC.1. Amended by P.L.255-2017, SEC.2; P.L.156-2024, SEC.3.

Source: official publisher (2026 edition)

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