Ind. Code § 6-3.6-6-18
Pledge of certified shares; payment of bonds; lease payments; approval by fiscal body
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2025
As of January 1, 2018
Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027.
Sec. 18. A civil taxing unit may pledge its certified shares to the payment of bonds or to lease payments for:
Sec. 18. A civil taxing unit may pledge its certified shares to the payment of bonds or to lease payments for:
(1) any purpose of the civil taxing unit;
(1) any purpose of the civil taxing unit;
(2) any purpose of another governmental entity located in any part in the county, including a governmental entity organized on a regional basis; or
(2) any purpose of another governmental entity located in any part in the county, including a governmental entity organized on a regional basis; or
(3) any purpose for which certified shares may be used under IC 6-3.6-10.
(3) any purpose for which certified shares may be used under IC 6-3.6-10.
The pledge must be approved in an ordinance adopted by the fiscal body of the political subdivision.
The pledge must be approved in an ordinance adopted by the fiscal body of the political subdivision.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.