Sec. 13. (a) Except as provided in subsection (c), this subsection applies to a town with a population of five hundred (500) or less. Notwithstanding the provisions of any other statute, a town may transfer money from any town fund to another town fund after the passage of an ordinance or a resolution by the town legislative body specifying the:

(1) amount of the transfer;

(2) funds involved;

(3) date of the transfer; and

(4) general purpose of the transfer.

(b) Except as provided in subsection (c), this subsection applies to a town having a population of more than five hundred (500) but less than two thousand (2,000). Notwithstanding IC 8-14-1 and IC 8-14-2, a town may transfer money distributed to the town from:

(1) the motor vehicle highway account under IC 8-14-1;

(2) the local road and street account under IC 8-14-2; or

(3) the:

(A) motor vehicle highway account under IC 8-14-1; and

(B) local road and street account under IC 8-14-2;

to any other town fund after the passage of an ordinance or a resolution by the town legislative body that specifies the amount of the transfer, the funds involved, the date of the transfer, and the general purpose of the transfer. However, the total amount of all money transferred by a town under this subsection may not exceed forty thousand dollars ($40,000).

(c) A:

(1) municipality located in a county having a population of more than fifteen thousand (15,000) but less than fifteen thousand five hundred (15,500); and

(2) town:

(A) located in a county having a population of more than thirty-seven thousand one hundred twenty-five (37,125) but less than thirty-seven thousand five hundred (37,500); and

(B) having a population of less than one thousand (1,000);

may not transfer money under this section to or from a food and beverage tax receipts fund established under IC 6-9.

As added by P.L.17-1995, SEC.21. Amended by P.L.233-1996, SEC.1; P.L.170-2002, SEC.146; P.L.119-2012, SEC.192.