Indiana Statutes
§ 14-33-20-24 — Restrictions on bonds, notes, or other evidences of indebtedness
Indiana § 14-33-20-24
This text of Indiana § 14-33-20-24 (Restrictions on bonds, notes, or other evidences of indebtedness) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 14-33-20-24 (2026).
Text
(a)The bonds, notes, or other evidences of
indebtedness, including interest, are not any of the following:
(1)A debt of the district or the board.
(2)A charge, lien, or encumbrance, legal or equitable, upon:
(A)property of the district; or
(B)income, receipts, or revenues of the district other than the
revenues of the water facilities that have been pledged to
payment.
(b)Every bond, note, or other evidence of indebtedness must recite
in substance the following:
(1)That the bond, note, or other evidence of indebtedness,
including interest, is payable solely from the revenues pledged to
payment.
(2)That the board is not under an obligation to pay the bond,
note, or other evidence of indebtedness except from those
revenues.
[Pre-1995 Recodification Citation: 13-3-4-8(f) part.]
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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Repealed§ 14-10-2-2.5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Repealed§ 14-10-2-4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 violationCite This Page — Counsel Stack
Bluebook (online)
Indiana § 14-33-20-24, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/14-33-20-24.