Indiana § 36-9-6.1-11 Costs exceeding balance in thoroughfare fund; bond issue

Indiana Statutes

§ 36-9-6.1-11 — Costs exceeding balance in thoroughfare fund; bond issue

Indiana § 36-9-6.1-11

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 6.1Thoroughfare Projects

This text of Indiana § 36-9-6.1-11 (Costs exceeding balance in thoroughfare fund; bond issue) 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 § 36-9-6.1-11 (2026).

Text

If a unit's costs in acquiring property and paying benefits assessed against the unit under this chapter exceed the balance in the unit's thoroughfare fund, the unit may issue bonds in an amount sufficient to pay all or part of those costs. The bonds must be:

(1)approved by the executive of the unit;

(2)authorized by ordinance of the fiscal body of the unit;

(3)issued and sold in the same form and manner, including the same interest rate and maturities, as bonds for general purposes of the unit.

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If a unit's costs in acquiring property and
paying benefits assessed against the unit under this chapter exceed the
balance in the unit's thoroughfare fund, the unit may issue bonds in an
amount sufficient to pay all or part of those costs. The bonds must be:
(1) approved by the executive of the unit;
(2) authorized by ordinance of the fiscal body of the unit;
(3) issued and sold in the same form and manner, including the
same interest rate and maturities, as bonds for general purposes
of the unit.