Indiana Statutes
§ 12-29-2-19 — County property of building if bond issued; nonapplication of tax limitations
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 this chapter do not apply to the levy of
taxes to pay the bonds and the interest on the bonds.
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Legislative History
As added by P.L.78-2004, SEC.20.
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