Indiana § 36-1-10-17 Annual appropriation and tax levy

Indiana Statutes

§ 36-1-10-17 — Annual appropriation and tax levy

Indiana § 36-1-10-17

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 10Leasing and Lease-Purchasing Structures

This text of Indiana § 36-1-10-17 (Annual appropriation and tax levy) 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 § 36-1-10-17 (2026).

Text

(a)A political subdivision or agency that executes a lease under this chapter shall, subject to subsection (d), make an annual appropriation and tax levy at a rate to provide sufficient money to pay the rental payable from property taxes stipulated in the lease.

(b)The appropriation and levy are subject to review by other bodies that have the authority to ascertain that the levy is sufficient to raise the amount required to pay the rental payable from property taxes under the lease.

(c)The appropriation and levy may be reduced in any year to the extent other money or any reimbursement under IC 36-7-14-39 are pledged or available for the payment of the lease rental.

(d)A political subdivision or agency that executes a lease for a transportation project may only levy a tax under this sec

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(a) A political subdivision or agency that
executes a lease under this chapter shall, subject to subsection (d),
make an annual appropriation and tax levy at a rate to provide
sufficient money to pay the rental payable from property taxes
stipulated in the lease.
(b) The appropriation and levy are subject to review by other bodies
that have the authority to ascertain that the levy is sufficient to raise the
amount required to pay the rental payable from property taxes under
the lease.
(c) The appropriation and levy may be reduced in any year to the
extent other money or any reimbursement under IC 36-7-14-39 are
pledged or available for the payment of the lease rental.
(d) A political subdivision or agency that executes a lease for a
transportation project may only levy a tax under this section for an
amount necessary to restore debt service reserve funds and may not
levy a tax for lease rental payments.
[Pre-Local Government Recodification Citation:
18-5-3.3-9.]
As added by Acts 1981, P.L.57, SEC.36. Amended by
P.L.37-1988, SEC.18; P.L.343-1989(ss), SEC.20.