Indiana Statutes
§ 36-9-11-21 — Pledge of revenues; deposits; irrevocability
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 11 Municipal Parking Facilities
If a pledge of revenues is made under section
20 of this chapter, then the revenues pledged shall be deposited
monthly in the fund or account for the payment of the bonds. The
pledge is irrevocable as long as any of the bonds for which the pledge
is made are outstanding, but the municipality may not make any
covenant relative to the number or location of the parking meters to be
maintained by it in and along its streets.
[Pre-Local Government Recodification Citation: 19-5-11-10
part.]
As added by Acts 1981, P.L.309, SEC.84.
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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Repealed