Indiana Statutes
§ 14-33-15-5 — District with bonds or notes outstanding
The court may not dissolve a district if the district has bonds or notes outstanding. If the court finds that the activities of the district should cease, the court shall order the district to function only for the purpose of:
(1)certifying necessary assessments or taxes; and
(2)collecting the assessments and taxes;
to pay off the financial obligations of the district. When all financial
obligations are paid, the court may order the district dissolved.
[Pre-1995 Recodification Citation: 13-3-3-97(a).]
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Legislative History
As added by P.L.1-1995, SEC.26.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation