Indiana § 36-9-11-9 Insurance

Indiana Statutes

§ 36-9-11-9 — Insurance

Indiana § 36-9-11-9

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 11Municipal Parking Facilities

This text of Indiana § 36-9-11-9 (Insurance) 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 § 36-9-11-9 (2026).

Text

(a)A municipality that operates one (1) or more parking facilities financed in whole or in part by the issuance of revenue bonds shall maintain insurance of the kinds and in the amounts ordinarily carried by persons operating similar facilities.

(b)All insurance proceeds received due to damage to a parking facility must be:

(1)used in replacing the property damaged; or

(2)deposited in the fund or account for the payment of the principal of and interest on the revenue bonds. [Pre-Local Government Recodification Citations: 19-5-11-11 part; 19-5-13-13 part.] As added by Acts 1981, P.L.309, SEC.84.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A municipality that operates one (1) or
more parking facilities financed in whole or in part by the issuance of
revenue bonds shall maintain insurance of the kinds and in the amounts
ordinarily carried by persons operating similar facilities.
(b) All insurance proceeds received due to damage to a parking
facility must be:
(1) used in replacing the property damaged; or
(2) deposited in the fund or account for the payment of the
principal of and interest on the revenue bonds.
[Pre-Local Government Recodification Citations:
19-5-11-11 part; 19-5-13-13 part.]
As added by Acts 1981, P.L.309, SEC.84.