Sec. 5. A cooperative agreement may provide that a political subdivision:
(1) may appropriate and pledge any legally available revenues to the payment of the bonds, leases, or other obligations of another political subdivision that is a party to the cooperative agreement; and
(2) will appropriate legally available revenues for any other payment under the cooperative agreement;
if the political subdivision's fiscal body finds that it is necessary, desirable, and in the best interests of the residents of that political subdivision.
As added by P.L.186-2006, SEC.4.
Structure Indiana Code
Article 1.5. Government Modernization
Chapter 5. Cooperative Agreements and Transfers of Responsibilities
36-1.5-5-1. Cooperative Agreements; Method to Enter Cooperative Agreements
36-1.5-5-2. Required Elements of Cooperative Agreements
36-1.5-5-3. Transfer of Functions of Employee, Department, or Elected Office
36-1.5-5-4. Sharing of Services of Employees
36-1.5-5-5. Appropriation and Pledge of Revenues
36-1.5-5-6. Limit on Actions Under Cooperative Agreement
36-1.5-5-7. Effective Date of Cooperative Agreement Transferring Functions of Elected Office
36-1.5-5-8. Adjustment of Property Tax Levies, Property Tax Rates, and Budgets