Indiana Code 36-1.5-5-5. Appropriation and pledge of revenues
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Sec. 5. A cooperative agreement may provide that a political subdivision:
(2) will appropriate legally available revenues for any other payment under the cooperative agreement;
(1) may appropriate and pledge any legally available revenues to the payment of the bonds, leases, or other obligations of another political subdivision that is a party to the cooperative agreement; and
if the political subdivision’s fiscal body finds that it is necessary, desirable, and in the best interests of the residents of that political subdivision.
As added by P.L.186-2006, SEC.4.