Indiana Code
Chapter 13. Industrial Development
36-7-13-16. Issuance of Bonds or Other Obligations

Sec. 16. (a) A unit may issue bonds or other obligations to finance the costs of addressing the development obstacles described in section 12(b)(3), 12(c), 12(d)(3), 12(e)(2), or 12.1(a) of this chapter in the district.
(b) The district bonds are special obligations of indebtedness of the district. The district bonds issued under this section, and interest on the district bonds, are payable solely out of amounts deposited in the industrial development fund under this chapter.
As added by P.L.125-1998, SEC.20. Amended by P.L.138-1999, SEC.6; P.L.174-2001, SEC.11; P.L.224-2003, SEC.242.

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Structure Indiana Code

Indiana Code

Title 36. Local Government

Article 7. Planning and Development

Chapter 13. Industrial Development

36-7-13-1. Application of Chapter

36-7-13-1.6. "District"

36-7-13-2. Repealed

36-7-13-2.4. "Gross Retail Base Period Amount"

36-7-13-2.6. "Gross Retail Incremental Amount"

36-7-13-3. "Improve"; Authority to Acquire, Own, and Deal in Real Property; Expenditure of Funds

36-7-13-3.2. "Income Tax Base Period Amount"

36-7-13-3.4. "Income Tax Incremental Amount"

36-7-13-3.8. "State and Local Income Taxes"

36-7-13-4. Industrial Development Fund; Tax Levy

36-7-13-5. Advisory Commission on Industrial Development; Creation; Membership; Duties

36-7-13-5.5. Sales or Leases of Property Acquired for Industrial Development

36-7-13-6. Industrial Development Fund; Payments and Deposits

36-7-13-7. Title to Real Property

36-7-13-8. Property Acquired by or From Unit; No Tax Exemption

36-7-13-9. Transfer of Surplus Funds; Cessation of Tax Levy

36-7-13-10. Application for Designation of District

36-7-13-10.1. Application for Designation of District in First or Second Class City

36-7-13-10.5. Designation of Districts in Economically Distressed Counties; Duration of District; Notice Publication; Information to Taxing Units; Budget Agency Review

36-7-13-10.7. Calculation of Net Increment for Preceding Fiscal Year; Funds and Accounts; Limitation on Amounts Received by City

36-7-13-11. Application for Designation of District; Duties of Advisory Commission on Industrial Development

36-7-13-12. Designation of District; Resolution; Findings; Duration; Notice Requirements; Information to Taxing Units; Budget Agency Proceedings

36-7-13-12.1. Designation of District; Resolution; Findings; Duration; Notice Requirements; Information to Taxing Units; Budget Agency Proceedings

36-7-13-12.3. Designation of Districts After 2010; Requirements

36-7-13-12.5. Petition for Modification of District Boundaries; Budget Committee and Budget Agency Findings; Certification of Boundaries

36-7-13-13. Designation of District; Information to Department of State Revenue; Determination of Gross Retail Base Period Amount and Income Tax Base Period Amount

36-7-13-14. Tax Incremental Amount Calculations; District Business Duties

36-7-13-15. Incremental Tax Financing Funds

36-7-13-16. Issuance of Bonds or Other Obligations

36-7-13-17. Pledge of Money in Industrial Development Fund

36-7-13-18. Goals or Benchmarks for Property Development or Redevelopment

36-7-13-19. Termination of District

36-7-13-20. Covenant Not to Adversely Affect Owners of Bonds or Obligations

36-7-13-21. Written Agreements for Joint Economic Development Projects

36-7-13-22. Terms of Written Agreement for Joint Economic Development Project

36-7-13-23. Repealed