Indiana Statutes
§ 36-9-36-45 — Bonds; date; tax exemption
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 36 Barrett Law Funding for Counties and Municipalities
(a)This section applies only to
municipalities.
(b)Bonds issued in anticipation of the collection of assessments for
an improvement must bear the date of the completion of the
improvement under the contract and the acceptance of the
improvement by the works board. The bonds draw interest from that
date.
(c)The bonds are exempt from taxation for all purposes.
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Indiana § 36-9-36-45 (Bonds; date; tax exemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.98-1993, SEC.7.
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Repealed