Indiana Code
Chapter 10. Permitted Expenditures
6-3.6-10-5. Issuance and Sale of Obligations of Civil Taxing Unit or Lessor

Sec. 5. Notwithstanding any other law, if a civil taxing unit desires to issue obligations, or enter into leases, payable wholly or in part by the taxes imposed under IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5), the obligations of the civil taxing unit or any lessor may be sold at public sale in accordance with IC 5-1-11 or at negotiated sale.
As added by P.L.243-2015, SEC.10.

<< Previous
Next >>

Structure Indiana Code

Indiana Code

Title 6. Taxation

Article 3.6. Local Income Taxes

Chapter 10. Permitted Expenditures

6-3.6-10-1. Scope of Chapter

6-3.6-10-2. Economic Development Purposes; Use of Revenue

6-3.6-10-3. Issuance of Bonds for Economic Development Projects; Minimum Tax Rate; Procedures; Covenant by the General Assembly

6-3.6-10-4. Lease of Property for Economic Development Projects; Procedures; Public Hearing; Findings; Sale of Leased Facility Under Option to Buy

6-3.6-10-5. Issuance and Sale of Obligations of Civil Taxing Unit or Lessor

6-3.6-10-6. Pledge of Revenues; Enforceability; Covenant by the General Assembly

6-3.6-10-7. Regional Venture Capital Fund; Deposit of Revenue Allocated for Economic Development; Uses of Money From the Fund; Interlocal Agreement; Administration of the Fund

6-3.6-10-8. Local Venture Capital Fund; Deposit of Revenue Allocated for Economic Development; Uses of Money From the Fund; Administration of the Fund