Indiana Code 36-7-29-16. Procedures for issuance of bonds
(1) adopt a bond resolution after a public hearing following public notice of the hearing published in accordance with IC 5-3-1;
Terms Used In Indiana Code 36-7-29-16
- 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
- board: refers to the local environmental response financing board established by section 10 of this chapter. See Indiana Code 36-7-29-2
- district: refers to the special taxing district established by section 9 of this chapter. See Indiana Code 36-7-29-3
- qualified site: means a site that is wholly or partially located in the district and on July 1, 1994, is:
Indiana Code 36-7-29-4
- remedial action: has the meaning set forth in IC 13-11-2-185. See Indiana Code 36-7-29-5
- removal: has the meaning set forth in IC 13-11-2-187. See Indiana Code 36-7-29-6
- Statute: A law passed by a legislature.
- substance: has the meaning set forth in IC 13-11-2-98 for the term "hazardous substance". See Indiana Code 36-7-29-8
(3) obtain the approval for the appropriation of the proceeds of the district bonds as set forth in IC 6-1.1-18-5 if the appropriation is an additional appropriation; and
(4) obtain the approval of the department of local government finance for a tax levy under IC 6-1.1-18.5-8.
(b) The bond resolution must contain a finding that substance removal or remedial action at the qualified site will be of public utility and benefit because the conditions at the qualified site are detrimental to the social and economic interests of the district.
As added by P.L.44-1994, SEC.11. Amended by P.L.90-2002, SEC.485.