Sec. 16.7. (a) A political subdivision that in any year adopts a proposal to establish a cumulative fund or sinking fund under any of the following provisions must submit the proposal to the department of local government finance before August 2 of that year, for years before 2018, and before May 1 of that year, for years after 2017: IC 3-11-6 IC 8-10-5 IC 8-16-3 IC 8-16-3.1 IC 8-22-3 IC 14-27-6 IC 14-33-21 IC 16-22-5 IC 16-22-8 IC 36-8-8-14.2 IC 36-8-14 IC 36-9-4 IC 36-9-14 IC 36-9-14.5 IC 36-9-15 IC 36-9-15.5 IC 36-9-16 IC 36-9-17 IC 36-9-26 IC 36-9-27 IC 36-10-3 IC 36-10-4 IC 36-10-7.5 (b) If a proposal described in subsection (a) is not submitted to the department of local government finance before August 2 of a year, for years before 2018, and before May 1 of a year, for years after 2017, the political subdivision may not levy a tax for the cumulative fund or sinking fund in the ensuing year.
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