Indiana Statutes

§ 12-29-2-19 — County property of building if bond issued; nonapplication of tax limitations

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

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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Indiana § 12-29-2-19 (County property of building if bond issued; nonapplication of tax limitations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.78-2004, SEC.20.

Nearby Sections

15
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