Sec. 2. It is found and declared that municipalities in Indiana have a need to finance public improvements to provide for industrial and commercial growth and for general public use. Therefore, the general assembly finds it necessary and proper to provide an alternative method for municipalities to finance public improvements, to provide for industrial and commercial growth, to provide employment opportunities, diversification of industry and commerce, and to provide general public access to those public improvements. It is declared that the financing of public improvements for use by the general public, including industrial and commercial enterprises, is a public purpose.
As added by P.L.23-1984, SEC.18.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 32. Financing of Public Improvements in Municipalities
36-9-32-1. Application of Chapter
36-9-32-2. Legislative Findings and Declaration
36-9-32-4. Loan Agreements; Loan of Grant Proceeds; Pledge of Revenues to Secure Bonds
36-9-32-6. Ordinances Approving Issuance of Bonds
36-9-32-8. Trust Indentures to Secure Bonds
36-9-32-9. Enforcement by Owner of Bonds or Trustee
36-9-32-10. Impairment of Rights and Remedies of Owners of Bonds
36-9-32-11. Liability for Property and Special Taxing District Taxes