Indiana Code 5-1-18-1. “Bonds”
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Terms Used In Indiana Code 5-1-18-1
- bonds: means any bonds, notes, or other evidences of indebtedness, including guaranteed energy savings contracts and advances from the common school fund, whether payable from property taxes, other taxes, revenues, or any other source. See Indiana Code 5-1-18-1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- political subdivision: has the meaning set forth in IC 36-1-2-13. See Indiana Code 5-1-18-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 1. As used in this chapter,”bonds” means any bonds, notes, or other evidences of indebtedness, including guaranteed energy savings contracts and advances from the common school fund, whether payable from property taxes, other taxes, revenues, or any other source. However, the term does not include notes, warrants, or other evidences of indebtedness made in anticipation of and to be paid from current revenues of a political subdivision actually levied and in the course of collection for the fiscal year in which the notes, warrants, or other evidences of indebtedness are issued.
As added by P.L.199-2005, SEC.2.