Sec. 5. (a) Before July 1, 2025, this chapter applies to a township if the total amount of funds in a township's capital improvement funds exceeds: (1) one hundred fifty percent (150%) of the township's total annual budget estimate prepared under IC 6-1.1-17-2 for the ensuing year; and (2) two hundred thousand dollars ($200,000). (b) After June 30, 2025, this chapter applies to all townships.
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