Indiana § 6-1.1-20-0.7 Project costs for a political subdivision located in Hamilton County;
exemption for money segregated for use in the project

Indiana Statutes

§ 6-1.1-20-0.7 — Project costs for a political subdivision located in Hamilton County; exemption for money segregated for use in the project

Indiana § 6-1.1-20-0.7

Art. 1.1PROPERTY TAXES

Ch. 20Procedures for Issuance of Bonds and Other Evidences

This text of Indiana § 6-1.1-20-0.7 (Project costs for a political subdivision located in Hamilton County; exemption for money segregated for use in the project) 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 § 6-1.1-20-0.7 (2026).

Text

7.

(a)This section applies only to a preliminary determination made after June 30, 2015, by a political subdivision located in Hamilton County, other than a school corporation, to issue bonds or enter into a lease.

(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 for purposes of this chapter does not include the following:

(1)Any expenditures excluded under section 0.5 of this chapter (expenditures for the project that will be paid from donations or other gifts).

(2)Any expenditures that will be paid from money that has accumulated or has bee

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7. (a) This section applies only to a
preliminary determination made after June 30, 2015, by a political
subdivision located in Hamilton County, other than a school
corporation, to issue bonds or enter into a lease.
(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 for purposes of this chapter does not include the
following:
(1) Any expenditures excluded under section 0.5 of this chapter
(expenditures for the project that will be paid from donations or
other gifts).
(2) Any expenditures that will be paid from money that has
accumulated or has been deposited by the political subdivision in
any fund of the political subdivision, if before the preliminary
determination is made the political subdivision segregates the
money for use in the project as provided in a capital improvement
plan, a capital development plan, or a similar plan adopted by the
political subdivision.
(c) The proper officers of a political subdivision, other than a school
corporation, must include in the resolution or ordinance making a
preliminary determination to issue bonds or enter into a lease a
determination of that part of the total project cost that will be paid from
sources described in subsection (b)(1) or (b)(2). The proper officers of
the political subdivision must make the determination concerning the
part of the total project cost that will be financed by the bonds or lease
at a public hearing after proper notice under IC 5-3-1.