Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 9 - CAPITAL PROJECTS FUND
Rule 2 - Library Capital Projects Fund
Section 2-1 - General definitions
Universal Citation: 50 IN Admin Code 2-1
Current through September 18, 2024
Authority: IC 36-12-12-12
Affected: IC 36-12-12
Sec. 1.
(a) As used in this rule, "appropriate fiscal body" refers to:
(1) the town board of trustees if the library
district is located entirely within the corporate boundaries of a
town;
(2) the common council if the
library district is located entirely within the corporate boundaries of a
city;
(3) the township board if the
library district is not located entirely within the corporate boundaries of a
city or town but is located within the corporate boundaries of a
township;
(4) the county council of
each county in which the library is located if the library district is not
located entirely within the corporate boundaries of a city, town, or township;
or
(5) the city-county council if
the library district is not located entirely within the corporate boundaries of
a city, town, or township and is located in a county with a consolidated
city.
(b) As used in this rule, "board" refers to the fiscal and administrative body of a public library.
(c) As used in this rule, "district" means the territory within the corporate boundaries of a public library.
(d) As used in this rule, "emergency" means the following:
(1) A fire,
flood, windstorm, mechanical failure of any part of a structure, or other
unforeseeable circumstance when referring to repair or replacement.
(2) The unforeseeable availability of real
property for purchase when referring to site acquisition.
(e) As used in this rule, "equipment" means a mobile or fixed unit of furniture or furnishings, a machine, an apparatus, an article, or a set of articles that meets all of the following conditions:
(1) It retains its original shape and
appearance with use.
(2) It is
nonexpendable, which means that if the article is damaged or some of its parts
are lost or worn out, it is usually more feasible to repair it than to replace
it with an entirely new unit.
(3)
It represents an investment of money that makes it feasible and advisable to
capitalize the item.
(4) It does
not lose its identity through incorporation into a different or more complex
unit or substance.
Equipment includes computer hardware and software.
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