Section 50IAC9-2-5. Submission to appropriate fiscal body

   (a) Within ten (10) days of adopting a resolution for a capital projects fund plan, the board shall transmit a certified copy of the plan to the appropriate fiscal body.

  (b) The appropriate fiscal body shall hold a public hearing on the plan within thirty (30) days of receiving it. The appropriate fiscal body may either approve or reject the plan by August 1 of the year in which it is received.

  (c) If the appropriate fiscal body rejects the plan, it may return the plan to the board with its reasons for rejection.

  (d) If the appropriate fiscal body approves the plan, the board shall submit the resolution, plan, and proof of publication to the department of local government finance.

  (e) If the appropriate fiscal body approves the plan, the board shall also publish notice of adoption in accordance with IC 5-3-1-2(i). Notice of adoption must be published one (1) time in the appropriate newspaper or newspapers within thirty (30) days after the date of the appropriate fiscal body's approval of the plan. (Department of Local Government Finance; 50 IAC 9-2-5; filed Sep 21, 1990, 3:30 p.m.: 14 IR 256; errata filed Oct 25, 2006, 10:52 a.m.: 20061108-IR-050060502ACA; filed Jan 30, 2013, 12:30 p.m.: 20130227-IR-050120552FRA)