§ 36-7-29-16 — Procedures for issuance of bonds

Indiana § 36-7-29-16

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 29: Local Environmental Response Financing

Text

(a) District bonds may be issued by a board
under this chapter without following any procedures set forth in any
other statute except that the board must:
(1) adopt a bond resolution after a public hearing following public
notice of the hearing published in accordance with IC 5-3-1;
(2) publish notice of the determination to issue district bonds in
accordance with IC 6-1.1-20-5;
(3) obtain the approval for the appropriation of the proceeds of the
district bonds as set forth in IC 6-1.1-18-5 if the appropriation is
an additional appropriation; and
(4) obtain the approval of the department of local government
finance for a tax levy under IC 6-1.1-18.5-8.
(b) The bond resolution must contain a finding that substance
removal or remedial action at the qualified site will be of public utility
and benefit because the conditions at the qualified site are detrimental
to the social and economic interests of the district.

Legislative History

As added by P.L.44-1994, SEC.11. Amended by P.L.90-2002, SEC.485.