Indiana Statutes
§ 36-7-13-16 — Issuance of bonds or other obligations
(a)A unit may issue bonds or other
obligations to finance the costs of addressing the development
obstacles described in section 12(b)(3), 12(c), 12(d)(3), 12(e)(2), or
12.1(a) of this chapter in the district.
(b)The district bonds are special obligations of indebtedness of the
district. The district bonds issued under this section, and interest on the
district bonds, are payable solely out of amounts deposited in the
industrial development fund under this chapter.
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Legislative History
As added by P.L.125-1998, SEC.20. Amended by P.L.138-1999,
SEC.6; P.L.174-2001, SEC.11; P.L.224-2003, SEC.242.
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Repealed