Indiana § 36-9-41-3 Borrowing by political subdivision to finance public work project or
eligible efficiency project; notice; constitutional debt limitation

Indiana Statutes

§ 36-9-41-3 — Borrowing by political subdivision to finance public work project or eligible efficiency project; notice; constitutional debt limitation

Indiana § 36-9-41-3

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 41Financing of Public Work Projects by Political

This text of Indiana § 36-9-41-3 (Borrowing by political subdivision to finance public work project or eligible efficiency project; notice; constitutional debt limitation) 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 § 36-9-41-3 (2026).

Text

Notwithstanding any other statute, a political subdivision may borrow the money necessary to finance:

(1)a public work project; or

(2)an eligible efficiency project; from a financial institution in Indiana by executing a negotiable note under section 4 of this chapter. The political subdivision shall provide notice of its determination to issue the note under IC 5-3-1. Money borrowed under this chapter is chargeable against the political subdivision's constitutional debt limitation.

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Notwithstanding any other statute, a political
subdivision may borrow the money necessary to finance:
(1) a public work project; or
(2) an eligible efficiency project;
from a financial institution in Indiana by executing a negotiable note
under section 4 of this chapter. The political subdivision shall provide
notice of its determination to issue the note under IC 5-3-1. Money
borrowed under this chapter is chargeable against the political
subdivision's constitutional debt limitation.