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2017 Indiana Code
TITLE 12. Human Services
ARTICLE 29. FINANCING LOCAL PROGRAMS
CHAPTER 1. Community Centers; General Provisions
12-29-1-6. Center building the property of county or counties issuing bonds; tax limitations in IC 12-29-1-1 and IC 12-29-1-2 not applicable
Universal Citation: IN Code § 12-29-1-6 (2017)
IC 12-29-1-6 Center building the property of county or counties issuing bonds; tax limitations in IC 12-29-1-1 and IC 12-29-1-2 not applicable
Sec. 6. If bonds are issued under this chapter:
(1) the building that is constructed, equipped, or improved with proceeds of the bonds is:
(A) the property of the county issuing the bonds; or
(B) the joint property of the counties involved if the bonds are issued by at least two (2) counties; and
(2) the tax limitations in sections 1 and 2 of this chapter do not apply to the levy of taxes to pay the bonds and the interest on the bonds.
[Pre-1992 Revision Citation: 16-16-1-5 part.]
As added by P.L.2-1992, SEC.23.
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