Indiana Statutes

§ 10-18-3-10 — Limitations on indebtedness; tax exemption

Indiana § 10-18-3-10
JurisdictionIndiana
Title 10PUBLIC SAFETY
Art. 18WAR MEMORIALS
Ch. 3City and County War Memorials

This text of Indiana § 10-18-3-10 (Limitations on indebtedness; tax exemption) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 10-18-3-10 (2026).

Text

(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
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Bluebook (online)
Indiana § 10-18-3-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/10-18-3-10.