Indiana § 6-3.6-6-18 Pledge of certified shares; payment of bonds; lease payments; approval
by fiscal body

Indiana Statutes

§ 6-3.6-6-18 — Pledge of certified shares; payment of bonds; lease payments; approval by fiscal body

Indiana § 6-3.6-6-18

Art. 3.6LOCAL INCOME TAXES

Ch. 6Expenditure Rate

This text of Indiana § 6-3.6-6-18 (Pledge of certified shares; payment of bonds; lease payments; approval by fiscal body) 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 § 6-3.6-6-18 (2026).

Text

Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027. Sec. 18. A civil taxing unit may pledge its certified shares to the payment of bonds or to lease payments for:

(1)any purpose of the civil taxing unit;

(2)any purpose of another governmental entity located in any part in the county, including a governmental entity organized on a regional basis; or

(3)any purpose for which certified shares may be used under IC 6-3.6-10. The pledge must be approved in an ordinance adopted by the fiscal body of the political subdivision.

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Note: This version of section effective until 7-1-2027. See also
following version of this section, effective 7-1-2027.
Sec. 18. A civil taxing unit may pledge its certified
shares to the payment of bonds or to lease payments for:
(1) any purpose of the civil taxing unit;
(2) any purpose of another governmental entity located in any part
in the county, including a governmental entity organized on a
regional basis; or
(3) any purpose for which certified shares may be used under IC 6-3.6-10.
The pledge must be approved in an ordinance adopted by the fiscal
body of the political subdivision.