Indiana Statutes
§ 36-9-41-3 — Borrowing by political subdivision to finance public work project or eligible efficiency project; notice; constitutional debt limitation
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 41 Financing of Public Work Projects by Political
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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Indiana § 36-9-41-3 (Borrowing by political subdivision to finance public work project or eligible efficiency project; notice; constitutional debt limitation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.81-2004, SEC.47. Amended by P.L.88-2009,
SEC.18.
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Repealed