Indiana § 12-29-1-6 Center building the property of county or counties issuing bonds; tax
limitations in IC 12-29-1-1 and IC 12-29-1-2 not applicable

Indiana Statutes

§ 12-29-1-6 — Center building the property of county or counties issuing bonds; tax limitations in IC 12-29-1-1 and IC 12-29-1-2 not applicable

Indiana·Art. 29 FINANCING LOCAL PROGRAMS·Ch. 1 Community Centers; General Provisions

If bonds are issued under this chapter:

(1)the building that is constructed, equipped, or improved with proceeds of the bonds is:

(A)the property of the county issuing the bonds; or

(B)the joint property of the counties involved if the bonds are issued by at least two (2) counties; and

(2)the tax limitations in sections 1 and 2 of this chapter do not apply to the levy of taxes to pay the bonds and the interest on the bonds. [Pre-1992 Revision Citation: 16-16-1-5 part.]

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If bonds are issued under this chapter:
(1) the building that is constructed, equipped, or improved with
proceeds of the bonds is:
(A) the property of the county issuing the bonds; or
(B) the joint property of the counties involved if the bonds are
issued by at least two (2) counties; and
(2) the tax limitations in sections 1 and 2 of this chapter do not
apply to the levy of taxes to pay the bonds and the interest on the
bonds.
[Pre-1992 Revision Citation: 16-16-1-5 part.]

Indiana § 12-29-1-6 (Center building the property of county or counties issuing bonds; tax limitations in IC 12-29-1-1 and IC 12-29-1-2 not applicable) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.