Indiana Statutes
§ 36-1-10-17 — Annual appropriation and tax levy
Indiana·Title 36 LOCAL GOVERNMENT·Art. 1 GENERAL PROVISIONS·Ch. 10 Leasing and Lease-Purchasing Structures
(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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Related
Dunn v. Carey
110 F.R.D. 439 (S.D. Indiana, 1986)
Alice Luebke v. Indiana Department of Local Government Finance
(Indiana Tax Court, 2024)
Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
Repealed