Indiana § 36-9-11-18 Parking facilities; records and accounts when revenue bonds are issued

Indiana Statutes

§ 36-9-11-18 — Parking facilities; records and accounts when revenue bonds are issued

Indiana § 36-9-11-18

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 11Municipal Parking Facilities

This text of Indiana § 36-9-11-18 (Parking facilities; records and accounts when revenue bonds are issued) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-9-11-18 (2026).

Text

If revenue bonds are issued to finance the cost of parking facilities, the municipality shall keep proper books of records and accounts for the parking facilities, separate from all of its other records and accounts. These records and accounts must contain complete and correct entries showing:

(1)the application of the proceeds of the bonds;

(2)the source and disposition of:

(A)all revenues collected from or on account of the facilities; or

(B)all money supplied by the municipality on account of the facilities; and

(3)all transactions relating to the facilities. Within ninety (90) days after the close of each calendar year, the municipal fiscal officer shall prepare an operating and income statement of the facilities. The fiscal officer shall keep the statement on file in the fiscal o

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If revenue bonds are issued to finance the
cost of parking facilities, the municipality shall keep proper books of
records and accounts for the parking facilities, separate from all of its
other records and accounts. These records and accounts must contain
complete and correct entries showing:
(1) the application of the proceeds of the bonds;
(2) the source and disposition of:
(A) all revenues collected from or on account of the facilities;
or
(B) all money supplied by the municipality on account of the
facilities; and
(3) all transactions relating to the facilities.
Within ninety (90) days after the close of each calendar year, the
municipal fiscal officer shall prepare an operating and income
statement of the facilities. The fiscal officer shall keep the statement on
file in the fiscal officer's office, and make it available for examination
by any holder of the revenue bonds. A copy of the statement shall be
furnished to the original purchaser of the bonds upon request.
[Pre-Local Government Recodification Citations:
19-5-11-10 part; 19-5-13-12 part.]
As added by Acts 1981, P.L.309, SEC.84. Amended by
P.L.127-2017, SEC.296.