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Ind. Code § 36-9-11-15

Funding

As added by Acts 1981, P.L.309, SEC.84.

Sec. 15. Money to pay the cost of construction and operation of parking facilities may be:

(1) accepted as a donation;

(2) appropriated from the general fund or from any fund derived from parking revenues;

(3) provided by the issuance and sale of general obligation bonds of the municipality;

(4) provided by the issuance and sale of bonds payable solely from revenues derived from parking facilities, parking meters, or parking mechanisms, as provided by section 16 of this chapter; or

(5) provided by any combination of these methods.

The issuance of general obligation bonds and the appropriation of funds raised by taxation must comply with the applicable general statutes.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.