Indiana Statutes
§ 36-9-41-5 — Payments
Indiana § 36-9-41-5
JurisdictionIndiana
Title 36LOCAL GOVERNMENT
Art. 9TRANSPORTATION AND PUBLIC WORKS
Ch. 41Financing of Public Work Projects by Political
This text of Indiana § 36-9-41-5 (Payments) 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 § 36-9-41-5 (2026).
Text
(a)The political subdivision shall appropriate
an amount for and levy a tax each year sufficient to pay the political
subdivision's obligation under the note according to its terms.
(b)An obligation of a political subdivision under a note executed
under this chapter is a valid and binding obligation of the political
subdivision, notwithstanding any tax limitation, debt limitation,
bonding limitation, borrowing limitation, or other statute to the
contrary.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
As added by P.L.81-2004, SEC.47. Amended by P.L.164-2019,
SEC.10.
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
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 36-9-41-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/36-9-41-5.