Indiana § 36-9-6.5-11 Deposit of bond proceeds

Indiana Statutes

§ 36-9-6.5-11 — Deposit of bond proceeds

Indiana § 36-9-6.5-11

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 6.5Metropolitan Thoroughfare District of Marion County

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Bluebook

Ind. Code § 36-9-6.5-11 (2026).

Text

All proceeds from the sale of bonds issued
under section 9 of this chapter shall be kept as a separate and specific
fund to pay for the cost of land, rights-of-way, and other property
acquired and of the cost of the work and all costs and expenses
incurred in connection with it, and no part may be used for any other
purpose. The fund shall be deposited at interest with the depository or
depositories of other public funds of the consolidated city, and all
interest collected on it belongs to the fund.
As added by Acts 1982, P.L.77, SEC.12.

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All proceeds from the sale of bonds issued
under section 9 of this chapter shall be kept as a separate and specific
fund to pay for the cost of land, rights-of-way, and other property
acquired and of the cost of the work and all costs and expenses
incurred in connection with it, and no part may be used for any other
purpose. The fund shall be deposited at interest with the depository or
depositories of other public funds of the consolidated city, and all
interest collected on it belongs to the fund.
As added by Acts 1982, P.L.77, SEC.12.