§ 5-1-7-4 — Calculation of tax levy necessary to make payments on principal and interest on redemption bonds; submission to county council

At the time when the annual estimates are made
for the county budget, the county auditor shall calculate the amount of
the tax levy which will be necessary to make the payments on the
principal and interest on such redemption bonds during the ensuing
fiscal year of the county and shall submit his calculation, together with
a detailed statement of all bonds outstanding and payable under the
provisions of this chapter, to the county council at its annual meeting,
and the county council shall levy the amount found to be necessary to
make such payments as they fall due during the ensuing fiscal year.
[Pre-Local Government Recodification Citation:
17-3-82-4.]
As added by Acts 1980, P.L.8, SEC.12.