Indiana Statutes
§ 36-7-21-8 — Bonds or notes payable from special improvement assessments
Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 21 Special Improvement Districts for Redevelopment of
Subject to the approval of the legislative body
under IC 36-7-14 or IC 36-7-15.1, as applicable, the redevelopment
commission may issue notes or bonds payable from the special
improvement assessments. These assessments are not ad valorem
property taxes, and any bonds issued and payable by the assessment
revenues are not a general obligation of the unit that established the
special improvement district.
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Legislative History
As added by P.L.380-1987(ss), SEC.20.
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Repealed