Indiana § 13-21-7-12 Issuance of waste management district bonds under certain
circumstances

Indiana Statutes

§ 13-21-7-12 — Issuance of waste management district bonds under certain circumstances

Indiana·Art. 21 SOLID WASTE MANAGEMENT DISTRICTS·Ch. 7 Financing: Waste Management District Bonds

(a)The district may not issue waste management district bonds under this chapter that are payable by special taxation or fees under IC 13-21-14 in a total amount, including outstanding bonds already issued, exceeding six percent (6%) of the adjusted value of taxable property in the district as determined under IC 36-1-15.

(b)All waste management district bonds issued in violation of this section or IC 13-9.5-9-3(k) (before its repeal) are void. [Pre-1996 Recodification Citation: 13-9.5-9-3(k).]

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(a) The district may not issue waste
management district bonds under this chapter that are payable by
special taxation or fees under IC 13-21-14 in a total amount, including
outstanding bonds already issued, exceeding six percent (6%) of the
adjusted value of taxable property in the district as determined under
IC 36-1-15.
(b) All waste management district bonds issued in violation of this
section or IC 13-9.5-9-3(k) (before its repeal) are void.
[Pre-1996 Recodification Citation: 13-9.5-9-3(k).]

Indiana § 13-21-7-12 (Issuance of waste management district bonds under certain circumstances) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.