Indiana Statutes
§ 36-7-22-20 — Disposal of assets and liabilities upon repeal of ordinance
Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 22 Economic Improvement Districts
If the ordinance that established an
economic improvement district is repealed, the assets and liabilities of
the economic improvement district shall be disposed of in the manner
determined by the unit. However, liabilities incurred by the economic
improvement district are not an obligation of the unit and are payable
only from the special assessments and other revenues of the district.
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Indiana § 36-7-22-20 (Disposal of assets and liabilities upon repeal of ordinance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.195-1988, SEC.1.
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Repealed