Indiana Statutes
§ 10-18-3-10 — Limitations on indebtedness; tax exemption
(a)A county or city may not issue bonds or
any other evidence of indebtedness payable by taxation for the
construction of a memorial if the total issue of the bonds exceeds two
percent (2%) of the adjusted value of the taxable property of the county
or city in which the memorial is located as determined under IC 36-1-15.
(b)Bonds or obligations issued in violation of this section are void.
(c)Bonds issued under section 8 of this chapter are exempt from
taxation.
[Pre-2003 Recodification Citation: 10-7-5-10.]
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Legislative History
As added by P.L.2-2003, SEC.9.
Nearby Sections
15
§ 10-10-1-1
"Prior law"§ 10-10-1-2
Purpose of recodification§ 10-10-1-3
Statutory construction of recodification§ 10-10-1-4
Effect of recodification§ 10-10-1-5
Recodification of prior law§ 10-10-1-6
References to repealed statutes§ 10-10-1-7
References to citations§ 10-10-1-8
References to prior rules§ 10-10-1-9
References to prior law§ 10-10.5-1-1
Applicability of definitions§ 10-10.5-1-2
"Indiana first responder"§ 10-10.5-1-3
"Law enforcement officer"§ 10-10.5-1-4
"PSAP"§ 10-10.5-1-5
"Public safety agency"§ 10-10.5-1-6
"Public safety telecommunicator"