§ 14-33-12-5 — Powers and duties

Indiana § 14-33-12-5

• Jurisdiction: Indiana
• Art. 33: CONSERVANCY DISTRICTS
• Ch. 12: Improvements Benefiting Only Certain Property

Text

(a) After approval by the court, the board
shall let contracts or otherwise construct the works of improvement as
implemented. The board shall exercise the same powers and discharge
the same duties concerning the works of improvement as prescribed by
statute for the board of public works, the board of finance, and other
officers of a municipality concerning the following:
(1) Liens for street improvements.
(2) The payment of street improvement assessments by
installments.
(3) The issuance of Barrett Law bonds and coupons to anticipate
the collection of assessments.
(b) The duties of the treasurer of a county in which there is real
property affected also apply to the following:
(1) The lien.
(2) The collection and enforcement of the lien.
(3) The payment of assessments for the construction of works of
improvement under:
(A) this chapter; and
(B) IC 13-3-3-86 (before its repeal).
(c) Statutes concerning:
(1) the enforcement of assessment liens for street improvements
in actions of a municipality enforcing the liens and attorney's fees
in those actions;
(2) the procedure;
(3) the conduct of sales by the sheriff under decrees of
foreclosure;
(4) the execution of certificates and deeds; and
(5) all matters of a similar nature regarding street improvements
and collection of assessments in a municipality, including the
rights of contractors, assignees, and bondholders;
apply to the enforcement of assessments made for the construction of
works of improvement under this chapter or under IC 13-3-3-86 (before
its repeal) as well as the collection of bonds or coupons issued under
this chapter or under IC 13-3-3-86 (before its repeal).
(d) The board may do the following:
(1) Issue the bonds in anticipation of the collection of assessments
and coupons evidencing interest at any rate directly to the
contractor at the completion of the work.
(2) Issue directly to engineers and attorneys bonds and coupons
in payment of fees incident to the work of improvement.
(e) Notwithstanding other statutes incorporated into this chapter, a
person who agrees to pay the person's assessment in installments after
the bonds are issued:
(1) must pay interest for the full term of ten (10) years; and
(2) may prepay the principal and remaining interest due.
[Pre-1995 Recodification Citation: 13-3-3-86(d).]

Legislative History

As added by P.L.1-1995, SEC.26.