Indiana § 36-9-28-17 Bonds; issuance when cost of maintaining project exceeds amount that
can be raised

Indiana Statutes

§ 36-9-28-17 — Bonds; issuance when cost of maintaining project exceeds amount that can be raised

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 28 Certain Watercourse, Levee, Sewer, and Drain

If a board of directors finds that the cost of
maintaining a project exceeds the amount that can be raised in any
year, the board may issue bonds in the manner in which bonds are
issued for construction of levees. However, the bonds and the interest
on the bonds shall be paid by assessments made in the manner
prescribed by section 16 of this chapter.
[Pre-Local Government Recodification Citation:
19-4-20-21.]
As added by Acts 1981, P.L.309, SEC.104.

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If a board of directors finds that the cost of
maintaining a project exceeds the amount that can be raised in any
year, the board may issue bonds in the manner in which bonds are
issued for construction of levees. However, the bonds and the interest
on the bonds shall be paid by assessments made in the manner
prescribed by section 16 of this chapter.
[Pre-Local Government Recodification Citation:
19-4-20-21.]
As added by Acts 1981, P.L.309, SEC.104.

Indiana § 36-9-28-17 (Bonds; issuance when cost of maintaining project exceeds amount that can be raised) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.