§ 16-22-6-20 — Notice of execution of authorized lease; taxpayer objections

(a) If the execution of the original or a
modified lease is authorized, notice of the signing shall be published
on behalf of the county one (1) time in a newspaper of general
circulation and published in the county. Except as provided in
subsection (b), at least ten (10) taxpayers in the county whose tax rate
will be affected by the proposed lease may file a petition with the
county auditor not more than thirty (30) days after publication of notice
of the execution of the lease. The petition must set forth the objections
to the lease and facts showing that the execution of the lease is
unnecessary or unwise or that the lease rental is not fair and reasonable.
(b) The authority for taxpayers to object to a proposed lease
described in subsection (a) does not apply if the authority complies
with the procedures for the issuance of bonds and other evidences of
indebtedness described in IC 6-1.1-20.
[Pre-1993 Recodification Citation: 16-12-20-13(b)
part.]

Legislative History

As added by P.L.2-1993, SEC.5. Amended by P.L.35-1997, SEC.11; P.L.146-2008, SEC.434.