Indiana § 8-1.5-2-20 Bonds; payment from revenues not derived from particular utility;
restriction

Indiana Statutes

§ 8-1.5-2-20 — Bonds; payment from revenues not derived from particular utility; restriction

Indiana § 8-1.5-2-20

Art. 1.5MUNICIPAL UTILITIES

Ch. 2Transfer, Acquisition, and Improvement of Utilities by

This text of Indiana § 8-1.5-2-20 (Bonds; payment from revenues not derived from particular utility; restriction) 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 § 8-1.5-2-20 (2026).

Text

Except as provided by section 22 of this
chapter, the municipal legislative body may not adopt an ordinance, or
enter into or ratify a contract, for the payment, directly or indirectly, of
a bond or bonds by revenues derived by the municipality from the levy
of taxes, from the issuance of any bonds other than from the issuance
of bonds specifically authorized by this chapter or by a refunding
statute, or from any source except the revenues derived from that
particular utility.
As added by Acts 1982, P.L.74, SEC.1.

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Except as provided by section 22 of this
chapter, the municipal legislative body may not adopt an ordinance, or
enter into or ratify a contract, for the payment, directly or indirectly, of
a bond or bonds by revenues derived by the municipality from the levy
of taxes, from the issuance of any bonds other than from the issuance
of bonds specifically authorized by this chapter or by a refunding
statute, or from any source except the revenues derived from that
particular utility.
As added by Acts 1982, P.L.74, SEC.1.