Indiana Statutes
§ 36-9-15-10 — Debt service fund; creation; purposes; tax levy
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 15 Cumulative Building Fund, Sinking Fund, and Debt
(a)The county fiscal body may establish a
debt service fund for the payment of:
(1)a debt or other obligation arising out of money borrowed or
advanced for a jail that it purchases from the proceeds of a bond
issue for capital construction under IC 36-2-6-18; or
(2)a lease to provide capital construction under IC 36-1-10.
(b)The county fiscal body shall levy a tax each year in an amount
sufficient to pay all debt service obligations for jails for that year. IC 6-1.1-18.5-8 applies to such a tax levy.
[Pre-Local Government Recodification Citation:
17-3-84.8-1.]
As added by Acts 1981, P.L.309, SEC.88. Amended by
P.L.73-1983, SEC.21.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 36-9-15-10 (Debt service fund; creation; purposes; tax levy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed