§ 36-9-29-30 — Special benefit tax levy to pay for bonds; flood control district bond fund

Indiana § 36-9-29-30

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 29: Flood Control Districts in Certain Cities

Text

(a) For the purpose of obtaining money to
pay the bonds and the interest on them, the flood control board shall
levy a special benefit tax each year upon all of the property in the flood
control district. The tax shall be levied in the amount necessary to pay
the principal of the bonds as they mature, together with the interest
accruing on them.
(b) The flood control board shall cause the tax levied to be certified
to the auditor of the county in which the property subject to the tax is
located, before October 2 of each year. The tax levied and certified
shall be estimated and entered upon the tax duplicates by the county
auditor, and shall be collected and enforced by the county treasurer in
the same manner as state and county taxes are estimated, entered,
collected, and enforced.
(c) As the tax is collected by the county treasurer, it shall be
accumulated in a separate fund to be known as the "__________ flood
control district bond fund", and shall be applied only to the payment of
the bonds and the interest on them.
[Pre-Local Government Recodification Citation: 19-4-18-16
part.]
As added by Acts 1981, P.L.309, SEC.105.