Indiana Code 6-1.1-20-1. “Bonds”
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Sec. 1. For purposes of this chapter, the term “bonds” means any bonds or other evidences of indebtedness payable from property taxes, but does not include:
(2) warrants representing temporary loans which are payable out of taxes levied and in the course of collection;
(1) notes representing loans under IC 36-2-6-18, IC 36-3-4-22, IC 36-4-6-20, or IC 36-5-2-11 which are payable within five (5) years after issuance;
Terms Used In Indiana Code 6-1.1-20-1
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- obligations: refers to a contract or promise to pay of a political subdivision that would be considered a bond or lease under this chapter but for the fact that it is payable solely from funds other than property taxes. See Indiana Code 6-1.1-20-1.5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- property taxes: means a property tax rate or levy to pay debt service or to pay lease rentals, but does not include taxes allocated for an allocation area under Indiana Code 6-1.1-20-1.6
(3) a lease;
(4) obligations; or
(5) funding, refunding, or judgment funding bonds of political subdivisions.
[Pre-1975 Property Tax Recodification Citation: 6-1-46-7 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.37-1988, SEC.8; P.L.25-1995, SEC.39; P.L.146-2008, SEC.187.