§ 36-3-1-8 — Transfer of functions and obligations

(a) When a first class city becomes a
consolidated city, the agencies of the first class city are abolished and
their functions are assigned to agencies of the consolidated city as
provided by this title. When these functions are transferred in this
manner, the property, records, personnel, rights, and liabilities related
to the functions are likewise transferred, except that the city-county
legislative body may, by ordinance, provide that they be transferred to
a different agency.
(b) Notwithstanding subsection (a), these obligations are transferred
as follows when a first class city becomes a consolidated city:
(1) Bonds and other indebtedness of a special taxing district, to
the special taxing district that continues to have the function of
the district on account of which the bonds and indebtedness were
issued.
(2) Bonds and other indebtedness relating to a function
transferred to a special service district, to the consolidated city.
(3) Any other bonds and other indebtedness of, or assumed by, the
first class city, to the consolidated city.
[Pre-Local Government Recodification Citation: 18-4-3-14
part.]
As added by Acts 1980, P.L.212, SEC.2.