Indiana Code 12-29-1-6. Center building the property of county or counties issuing bonds; tax limitations in IC 12-29-1-1 and IC 12-29-1-2 not applicable
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Sec. 6. If bonds are issued under this chapter:
(A) the property of the county issuing the bonds; or
(1) the building that is constructed, equipped, or improved with proceeds of the bonds is:
Terms Used In Indiana Code 12-29-1-6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(B) the joint property of the counties involved if the bonds are issued by at least two (2) counties; and
(2) the tax limitations in sections 1 and 2 of this chapter do not apply to the levy of taxes to pay the bonds and the interest on the bonds.
[Pre-1992 Revision Citation: 16-16-1-5 part.]
As added by P.L.2-1992, SEC.23.