Indiana § 8-1.5-2-9 Appropriation for preliminary expenses; repayment

Indiana Statutes

§ 8-1.5-2-9 — Appropriation for preliminary expenses; repayment

Indiana § 8-1.5-2-9

Art. 1.5MUNICIPAL UTILITIES

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

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Bluebook

Ind. Code § 8-1.5-2-9 (2026).

Text

If the municipal legislative body proceeds to
construct or acquire the utility, there must be included in the total
amount of money to be raised by the issuance of bonds in connection
with the construction or acquisition of the utility the amount of the
expenditures that will be repaid to the general fund of the municipality
from the money derived from the issuance and sale of the bonds.
As added by Acts 1982, P.L.74, SEC.1.

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If the municipal legislative body proceeds to
construct or acquire the utility, there must be included in the total
amount of money to be raised by the issuance of bonds in connection
with the construction or acquisition of the utility the amount of the
expenditures that will be repaid to the general fund of the municipality
from the money derived from the issuance and sale of the bonds.
As added by Acts 1982, P.L.74, SEC.1.