§ 6-1.1-17-17 — Increase in tax rate and levy by department of local government finance

Subject to the limitations contained in IC 6-1.1-18.5 and IC 20-46, and notwithstanding section 23 of this
chapter, the department of local government finance may at any time
increase the tax rate and tax levy of a political subdivision for the
following reasons:
(1) To pay the principal or interest upon a funding, refunding, or
judgment funding obligation of a political subdivision.
(2) To pay the interest or principal upon an outstanding obligation
of the political subdivision.
(3) To pay a judgment rendered against the political subdivision.
(4) To pay lease rentals that have become an obligation of the
political subdivision under IC 20-47-2 or IC 20-47-3.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-24
part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by
P.L.73-1983, SEC.8; P.L.90-2002, SEC.159; P.L.2-2006, SEC.39;
P.L.146-2008, SEC.161; P.L.68-2025, SEC.57.