Sec. 8. All proceeds from the sale of waste management district bonds shall be kept as a separate and specific fund to pay the cost of the facility, and none of the proceeds may be used for any other purpose, except as provided in IC 5-1-13 and IC 5-1-14. However, money derived from sources other than the waste management district bond proceeds, such as state or federal grants or other contributions, are not restricted as to application even if the contribution arises for a project financed from waste management district bond proceeds.
[Pre-1996 Recodification Citation: 13-9.5-9-3(g).]
As added by P.L.1-1996, SEC.11.
Structure Indiana Code
Article 21. Solid Waste Management Districts
Chapter 7. Financing: Waste Management District Bonds
13-21-7-1. Special Taxing Districts
13-21-7-2. Waste Management District Bonds; Bidding Requirements for Facility
13-21-7-3. Resolution to Construct, Modify, Acquire, or Maintain Facility; Public Notice
13-21-7-4. Hearing; Remonstrance; Final Action
13-21-7-6. Certified Copy of Resolution and Approval to Controller
13-21-7-7. Waste Management District Bonds Not Corporate Obligation or Unit Indebtedness
13-21-7-8. Proceeds From Sale of Bonds; Use of Funds
13-21-7-9. Special Tax on Real Property
13-21-7-10. Certification of Tax Levy; Distribution of Tax
13-21-7-11. Factors to Consider in Determining Amount of Tax Levy
13-21-7-12. Issuance of Waste Management District Bonds Under Certain Circumstances