Indiana Code 8-21-12-20. Bonds; issuance by fiscal bodies of local entities
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Terms Used In Indiana Code 8-21-12-20
- 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
- authority: refers to the Indiana finance authority established by Indiana Code 8-21-12-3
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- local entity: means a county, city, town, or other municipal corporation (as defined in IC 36-1-2-10). See Indiana Code 8-21-12-9
Sec. 20. Whenever the fiscal body of a local entity determines that the public interest of the local entity will be served by assisting the authority in executing the powers granted by this chapter, the local entity may furnish assistance by gift, or lease with or without rental, of real property, by donation, lease with or without rental, or loan, of personal property, and by the appropriation of money that may be provided for by taxation or the issuance of bonds in the same manner as funds might be provided for the same purpose if the local entity was exercising the powers granted in the local entity’s own behalf.
As added by P.L.28-1991, SEC.2.