Indiana § 12-29-2-17 Issuing county bonds for construction, equipment, or improvement

Indiana Statutes

§ 12-29-2-17 — Issuing county bonds for construction, equipment, or improvement

Indiana·Art. 29 FINANCING LOCAL PROGRAMS·Ch. 2 Community Mental Health Centers

(a)Bonds of a county may be issued for the construction and equipment or the improvement of a building to house a community mental health center.

(b)If services are provided to at least two (2) counties:

(1)bonds of the counties involved may be issued to pay the proportionate cost of the project in the proportion determined and agreed upon by the fiscal bodies of the counties involved; or

(2)bonds of one (1) county may be issued and the remaining counties may annually appropriate to the county issuing the bonds amounts to be applied to the payment of the bonds and interest on the bonds in the proportion agreed upon by the county fiscal bodies of the counties involved.

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(a) Bonds of a county may be issued for the
construction and equipment or the improvement of a building to house
a community mental health center.
(b) If services are provided to at least two (2) counties:
(1) bonds of the counties involved may be issued to pay the
proportionate cost of the project in the proportion determined and
agreed upon by the fiscal bodies of the counties involved; or
(2) bonds of one (1) county may be issued and the remaining
counties may annually appropriate to the county issuing the bonds
amounts to be applied to the payment of the bonds and interest on
the bonds in the proportion agreed upon by the county fiscal
bodies of the counties involved.

Indiana § 12-29-2-17 (Issuing county bonds for construction, equipment, or improvement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.