Indiana Statutes
§ 36-9-38-32 — Fees for use of improvement; excess revenues; payment of bonds
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 38 Barrett Law Funding for Municipal Improvement
If the fees established under section 31 of
this chapter produce net revenue in excess of reasonable costs of
operation and maintenance, the excess revenue shall be used to pay
part of the principal and interest on the bonds issued as the bonds
mature. To the extent that principal and interest is paid from the excess
revenue, the assessments shall be reduced and canceled on a pro rata
basis.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 36-9-38-32 (Fees for use of improvement; excess revenues; payment of bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.98-1993, SEC.9.
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Repealed