Indiana Code 14-27-6-40. General obligation bonds; applicability of IC 5-1 and IC 6-1.1-20
(1) The filing of a petition requesting the issuance of bonds and giving notice of the petition.
Terms Used In Indiana Code 14-27-6-40
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
(3) The giving of notice of hearing on the appropriation of the proceeds of bonds and the right of taxpayers to appeal and be heard on the proposed appropriation.
(4) The approval of the appropriation by the department of local government finance.
(5) The right of:
(A) taxpayers and voters to remonstrate against the issuance of bonds in the case of a proposed bond issue described by IC 6-1.1-20-3.1(a); or
(B) voters to vote on the issuance of bonds in the case of a proposed bond issue described by IC 6-1.1-20-3.5(a).
(6) The sale of bonds at:
(A) a public sale for not less than the par value; or
(B) alternatively, a negotiated sale after June 30, 2018, and before July 1, 2025.
[Pre-1995 Recodification Citation: 13-2-31-19(c).]
As added by P.L.1-1995, SEC.20. Amended by P.L.90-2002, SEC.371; P.L.219-2007, SEC.98; P.L.146-2008, SEC.425; P.L.125-2018, SEC.4; P.L.38-2021, SEC.56; P.L.236-2023, SEC.127.