Indiana Statutes
§ 36-7-27-16 — Pledge to finance economic development tax project
Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 27 Economic Development Tax Area
Notwithstanding any other law, a county that
expects to receive an economic benefit from a qualified economic
development tax project under this chapter, a county contiguous to
such a county, or a municipality that expects to receive an economic
benefit from a qualified economic development tax project under this
chapter, may pledge (as authorized in IC 5-1-14-4) any legally
available money to the payment of bonds or lease rentals to finance a
qualified economic development tax project. The pledge does not
create a debt of the pledging county or municipality under the
Constitution of the State of Indiana so long as the money is designated
to make lease rental payments to finance a qualified economic
development tax project.
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Legislative History
As added by P.L.28-1993, SEC.14.
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Repealed