§ 8-1-2-85 — Municipally owned utilities; securities; fee for issuance

Indiana § 8-1-2-85

• Jurisdiction: Indiana
• Art. 1: UTILITIES GENERALLY
• Ch. 2: Utility Regulation

Text

The commission shall charge every
municipality receiving permission from it to issue any bonds, notes, or
other securities an amount equal to twenty-five cents ($.25) for each
one hundred dollars ($100) for such bonds, notes, or other securities,
but in no case shall the fee be less than one hundred dollars ($100). All
of such fees assessed under this section shall be paid to the secretary
of the commission within thirty (30) days of the receipt of the bond
proceeds by the municipality and only if the bonds, notes, or other
securities are issued. The fees collected by the secretary shall be paid
into the state treasury and deposited in the state general fund under IC 8-1-6-2(b), as if they were fees collected under IC 8-1-6.
Formerly: Acts 1913, c.76, s.96; Acts 1925, c.71, s.1; Acts
1947, c.317, s.1; Acts 1969, c.260, s.2. As amended by Acts 1982,
P.L.74, SEC.2; P.L.23-1988, SEC.26; P.L.136-2018, SEC.50;
P.L.213-2025, SEC.97.