Indiana § 6-1.1-20-0.5 Project cost; exception for donations

Indiana Statutes

§ 6-1.1-20-0.5 — Project cost; exception for donations

Indiana § 6-1.1-20-0.5

Art. 1.1PROPERTY TAXES

Ch. 20Procedures for Issuance of Bonds and Other Evidences

This text of Indiana § 6-1.1-20-0.5 (Project cost; exception for donations) 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 § 6-1.1-20-0.5 (2026).

Text

5.

(a)This section applies to a preliminary determination to issue bonds or enter into a lease made after June 30, 2013.

(b)In determining whether a project is a controlled project for purposes of this chapter and whether the petition and remonstrance process under sections 3.1 and 3.2 of this chapter or the referendum process under sections 3.5 and 3.6 of this chapter apply to the project, the cost of the project does not include expenditures for the project that will be paid from donations or other gifts:

(1)that are received by the political subdivision; and

(2)for which the political subdivision adopts an ordinance or resolution pledging that the donations or other gifts will be used exclusively for expenditures on the project's costs.

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5. (a) This section applies to a preliminary
determination to issue bonds or enter into a lease made after June 30,
2013.
(b) In determining whether a project is a controlled project for
purposes of this chapter and whether the petition and remonstrance
process under sections 3.1 and 3.2 of this chapter or the referendum
process under sections 3.5 and 3.6 of this chapter apply to the project,
the cost of the project does not include expenditures for the project that
will be paid from donations or other gifts:
(1) that are received by the political subdivision; and
(2) for which the political subdivision adopts an ordinance or
resolution pledging that the donations or other gifts will be used
exclusively for expenditures on the project's costs.