IC 8-9.5-7-1.1: Dissolution by ordinance or resolution; obligations of dissolved districts

Sec. 1.1. (a) An automated transit district may be dissolved by an ordinance adopted by the legislative body on a date that is at least three (3) years later than the date the ordinance was adopted.

(b) An automated transit district may dissolve itself by resolution on a date that is at least two (2) years later than the date of adoption of the resolution creating the district.

(c) A dissolution of a district under this section requires the city to assume the obligations incurred by the district.