Indiana § 36-9-11-22 Bond revenues and revenues pledged to pay bonds considered trust
funds

Indiana Statutes

§ 36-9-11-22 — Bond revenues and revenues pledged to pay bonds considered trust funds

Indiana § 36-9-11-22

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 11Municipal Parking Facilities

This text of Indiana § 36-9-11-22 (Bond revenues and revenues pledged to pay bonds considered trust funds) 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 § 36-9-11-22 (2026).

Text

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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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.