Indiana § 36-12-10-13 Tax levy to pay lease rentals

Indiana Statutes

§ 36-12-10-13 — Tax levy to pay lease rentals

Indiana·Title 36 LOCAL GOVERNMENT·Art. 12 LIBRARIES·Ch. 10 Leasing of Library Property

A municipal corporation that executes a
lease under this chapter shall annually levy a special tax, in addition to
other taxes authorized by law, sufficient to produce each year the
necessary funds with which to pay the lease rental stipulated to be paid
by the municipal corporation under the lease. A levy under this section
shall be reviewed in accordance with IC 6-1.1-17. The first tax levy
shall be made at the first annual tax levy period following the date of
the execution of the lease. The first annual levy must be sufficient to
pay the estimated amount of the first annual lease rental payment to be
made under the lease.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-14-10-13.]

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A municipal corporation that executes a
lease under this chapter shall annually levy a special tax, in addition to
other taxes authorized by law, sufficient to produce each year the
necessary funds with which to pay the lease rental stipulated to be paid
by the municipal corporation under the lease. A levy under this section
shall be reviewed in accordance with IC 6-1.1-17. The first tax levy
shall be made at the first annual tax levy period following the date of
the execution of the lease. The first annual levy must be sufficient to
pay the estimated amount of the first annual lease rental payment to be
made under the lease.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-14-10-13.]

Indiana § 36-12-10-13 (Tax levy to pay lease rentals) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.