Indiana Code 5-1-11.5-4. Application to certain counties and municipalities
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Sec. 4. This section applies only to the following:
(2) A municipality that has a population of more than seventy-five thousand (75,000).
(1) A county that has a population of more than one hundred thousand (100,000).
Terms Used In Indiana Code 5-1-11.5-4
- bonds: means any bonds, notes, or other evidences of indebtedness, whether payable from property taxes, other taxes, revenues, fees, or any other source. See Indiana Code 5-1-11.5-2
- Population: has the meaning set forth in Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Notwithstanding any other law, a county or municipality subject to this section may not issue bonds after June 30, 2020, unless the county or municipality has for its preceding budget year prepared an annual financial report using the modified accrual basis of accounting in accordance with generally accepted accounting principles. However, upon request of a county or municipality to the state examiner, the state examiner may waive the requirement under this section if the state examiner determines that a waiver is in the best interest of the county or municipality.
As added by P.L.244-2017, SEC.2.