Indiana Statutes
§ 6-1.1-20-7 — Interest rate in excess of 8%; approval by department of local government finance of certain bonds
Indiana § 6-1.1-20-7
This text of Indiana § 6-1.1-20-7 (Interest rate in excess of 8%; approval by department of local government finance of certain bonds) 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 § 6-1.1-20-7 (2026).
Text
(a)This section does not apply to bonds, notes,
or warrants for which a political subdivision:
(1)after June 30, 2008, makes a preliminary determination as
described in section 3.1 or 3.5 of this chapter or a decision as
described in section 5 of this chapter; or
(2)in the case of bonds, notes, or warrants not subject to section
3.1, 3.5, or 5 of this chapter, adopts a resolution or ordinance
authorizing the bonds, notes, or warrants after June 30, 2008.
(b)When the proper officers of a political subdivision decide to
issue any bonds, notes, or warrants which will be payable from
property taxes and which will bear interest in excess of eight percent
(8%) per annum, the political subdivision shall submit the matter to the
department of local government finance for review. The department
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Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-20-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-20-7.