Indiana Statutes
§ 36-9-11-22 — Bond revenues and revenues pledged to pay bonds considered trust funds
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 11 Municipal Parking Facilities
The money provided by the issuance of
revenue bonds under this chapter, the revenues of parking facilities,
and all other revenues pledged to the payment of the interest on and
principal of the revenue bonds are considered trust funds, and shall be
held and applied only as provided in this chapter or in the ordinance
authorizing the issuance of revenue bonds. This money shall be
deposited in depositories selected by the municipality in the manner
provided by IC 5-13-6, but may be invested in the manner provided by
IC 5-13-9.
[Pre-Local Government Recodification Citation: 19-5-11-10
part.]
As added by Acts 1981, P.L.309, SEC.84. Amended by
P.L.19-1987, SEC.54.
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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Repealed