Sec. 10. The refunding bonds and the income therefrom shall be exempt from taxation, except the financial institutions tax and inheritance, estate and transfer taxes.
[Pre-Local Government Recodification Citation: 19-8-7-10.]
As added by Acts 1980, P.L.8, SEC.10. Amended by P.L.21-1990, SEC.4.
Structure Indiana Code
Title 5. State and Local Administration
Article 1. Bonds and Other Obligations
Chapter 6. Revenue Bond Refinancing
5-1-6-3. Issuance of Refunding Bonds to Refinance and Improve Enterprise
5-1-6-4. Authorization by Ordinance or Resolution; Municipally Owned Public Utility; Any Enterprise
5-1-6-5. Terms and Covenants of Refunding Bonds; Negotiability
5-1-6-6. Validity of Authorization; Issuance and Obligations; Recitals in Bond
5-1-6-7. Sale and Exchange of Refunding Bonds
5-1-6-8. Lien on Revenues of Enterprise to Secure Bonds; Additional Security; Priority; Restrictions
5-1-6-9. Liability of Issuing Body
5-1-6-10. Exemption From Taxation; Exception
5-1-6-12. Duties of Issuing Body and Others to Secure Payment of Bonds and Interest