Indiana § 36-9-36-65 Special assessments to pay improvement costs; issuance of anticipatory
certificates

Indiana Statutes

§ 36-9-36-65 — Special assessments to pay improvement costs; issuance of anticipatory certificates

Indiana § 36-9-36-65

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 36Barrett Law Funding for Counties and Municipalities

This text of Indiana § 36-9-36-65 (Special assessments to pay improvement costs; issuance of anticipatory certificates) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-9-36-65 (2026).

Text

(a)This section applies only to municipalities.

(b)In addition to issuing bonds and certificates of indebtedness under section 62 of this chapter, a unit may pay the unit's part of the cost of an improvement from a fund raised by special assessments against all of the lands and lots in the unit. The unit comprises a special assessment district for that purpose.

(c)The following apply to special assessments under this section:

(1)The special assessments shall be levied in proportion to the value of the land or lots, excluding the value of improvements on the land or lots, as the land or lots are assessed for general taxation.

(2)The special assessments shall be levied annually at the time of the levy of general taxes. The levy must be for the amount necessary to pay the cost, with inte

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(a) This section applies only to
municipalities.
(b) In addition to issuing bonds and certificates of indebtedness
under section 62 of this chapter, a unit may pay the unit's part of the
cost of an improvement from a fund raised by special assessments
against all of the lands and lots in the unit. The unit comprises a special
assessment district for that purpose.
(c) The following apply to special assessments under this section:
(1) The special assessments shall be levied in proportion to the
value of the land or lots, excluding the value of improvements on
the land or lots, as the land or lots are assessed for general
taxation.
(2) The special assessments shall be levied annually at the time of
the levy of general taxes. The levy must be for the amount
necessary to pay the cost, with interest, of all work done during
the year for which the special assessments are levied.
(3) The special assessments are payable at the time of payment of
general taxes.
(d) The fund raised under this section is a specific fund to be held
and used only for the purpose prescribed by this section.
(e) In anticipation of the collection of the special assessments,
certificates in denominations not exceeding five hundred dollars ($500)
shall be issued under a resolution adopted by the works board in the
name of the unit. The fiscal officer shall sell the certificates or deliver
the certificates to the contractor, as directed by the works board.
(f) The certificates entitle the holder to the amounts named in the
certificates when a fund for redemption of the certificates has been
collected. The certificates are negotiable instruments. One-half (1/2) of
the certificates are payable on June 30 of the year after the special
assessments for payment of the certificates have been made, and the
remaining one-half (1/2) are payable on December 31 of that year. The
certificates must be dated as of the date of the final acceptance of the
improvement and may bear interest at any rate.