Indiana § 36-9-11-15 Funding

Indiana Statutes

§ 36-9-11-15 — Funding

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 11 Municipal Parking Facilities

Money to pay the cost of construction and operation of parking facilities may be:

(1)accepted as a donation;

(2)appropriated from the general fund or from any fund derived from parking revenues;

(3)provided by the issuance and sale of general obligation bonds of the municipality;

(4)provided by the issuance and sale of bonds payable solely from revenues derived from parking facilities, parking meters, or parking mechanisms, as provided by section 16 of this chapter; or

(5)provided by any combination of these methods. The issuance of general obligation bonds and the appropriation of funds raised by taxation must comply with the applicable general statutes. [Pre-Local Government Recodification Citations: 19-5-11-2 part; 19-5-13-3 part.] As added by Acts 1981, P.L.309, SEC.84.

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Money to pay the cost of construction and
operation of parking facilities may be:
(1) accepted as a donation;
(2) appropriated from the general fund or from any fund derived
from parking revenues;
(3) provided by the issuance and sale of general obligation bonds
of the municipality;
(4) provided by the issuance and sale of bonds payable solely
from revenues derived from parking facilities, parking meters, or
parking mechanisms, as provided by section 16 of this chapter; or
(5) provided by any combination of these methods.
The issuance of general obligation bonds and the appropriation of
funds raised by taxation must comply with the applicable general
statutes.
[Pre-Local Government Recodification Citations: 19-5-11-2
part; 19-5-13-3 part.]
As added by Acts 1981, P.L.309, SEC.84.

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