Indiana § 36-9-25-31 Payment of general expenses; special tax levy for payment of bonds

Indiana Statutes

§ 36-9-25-31 — Payment of general expenses; special tax levy for payment of bonds

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 25 Sanitation Department in Certain Cities

To provide money to pay for general
expenses of the board not chargeable to the cost of any property
acquired or work done under a resolution of the board for which bonds
of the district are issued, the board may issue the bonds of the district
in an aggregate amount not to exceed two percent (2%) of the adjusted
value of the taxable property within the district as determined under IC 36-1-15. The bonds are payable from a special tax, which the board
shall levy annually at the rate required to finance the bonds. The tax
shall be levied, collected, and expended according to section 32 of this
chapter.
[Pre-Local Government Recodification Citation:
19-2-26-1.]
As added by Acts 1981, P.L.309, SEC.98. Amended by
P.L.6-1997, SEC.224.

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To provide money to pay for general
expenses of the board not chargeable to the cost of any property
acquired or work done under a resolution of the board for which bonds
of the district are issued, the board may issue the bonds of the district
in an aggregate amount not to exceed two percent (2%) of the adjusted
value of the taxable property within the district as determined under IC 36-1-15. The bonds are payable from a special tax, which the board
shall levy annually at the rate required to finance the bonds. The tax
shall be levied, collected, and expended according to section 32 of this
chapter.
[Pre-Local Government Recodification Citation:
19-2-26-1.]
As added by Acts 1981, P.L.309, SEC.98. Amended by
P.L.6-1997, SEC.224.

Indiana § 36-9-25-31 (Payment of general expenses; special tax levy for payment of bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.