Indiana § 36-10-3-27 Levy of special tax on real and personal property; park district bond
fund

Indiana Statutes

§ 36-10-3-27 — Levy of special tax on real and personal property; park district bond fund

Indiana § 36-10-3-27

Title 36LOCAL GOVERNMENT

Art. 10RECREATION, CULTURE, AND COMMUNITY

Ch. 3General Park and Recreation Law

This text of Indiana § 36-10-3-27 (Levy of special tax on real and personal property; park district bond fund) 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 § 36-10-3-27 (2026).

Text

(a)In order to raise money to pay all bonds issued under section 24 of this chapter, the board shall levy annually a special tax upon all of the real and personal property located in the district sufficient to pay the principal of the bonds as they mature, including accrued interest. The board shall have the tax to be levied each year certified to the auditor of the county in which the district is located at the time for certification of tax levies. The tax shall be collected and enforced by the county treasurer in the same manner as other taxes are collected and enforced.

(b)As the tax is collected, it shall be accumulated and kept in a separate fund to be known as the park district bond fund. The tax shall be applied to the payment of the district bonds and interest as they mature and

Free access — add to your briefcase to read the full text and ask questions with AI

(a) In order to raise money to pay all bonds
issued under section 24 of this chapter, the board shall levy annually a
special tax upon all of the real and personal property located in the
district sufficient to pay the principal of the bonds as they mature,
including accrued interest. The board shall have the tax to be levied
each year certified to the auditor of the county in which the district is
located at the time for certification of tax levies. The tax shall be
collected and enforced by the county treasurer in the same manner as
other taxes are collected and enforced.
(b) As the tax is collected, it shall be accumulated and kept in a
separate fund to be known as the park district bond fund. The tax shall
be applied to the payment of the district bonds and interest as they
mature and may not be used for another purpose.
[Pre-Local Government Recodification Citation:
19-7-4-42.]
As added by Acts 1981, P.L.309, SEC.110.