Indiana Code 8-1.5-5-23. Approval of bond issuance by unit served by the department; applicability of IC 6-1.1-20
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Sec. 23. (a) The board may not issue any bonds authorized by this chapter until it has secured the approval for the issuance of the bonds from the fiscal body of the unit served by the department.
(b) IC 6-1.1-20 applies to the issuance of bonds under this chapter which are or may be payable from the special benefit property tax.
Terms Used In Indiana Code 8-1.5-5-23
- board: means the following:
Indiana Code 8-1.5-5-2
- department: means the following:
Indiana Code 8-1.5-5-3
- Property: includes personal and real property. See Indiana Code 1-1-4-5
As added by P.L.125-1987, SEC.1. Amended by P.L.282-2003, SEC.18.