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2019 Indiana Code
Title 6. Taxation
Article 3.6. Local Income Taxes
Chapter 6. Expenditure Rate
6-3.6-6-18. Pledge of certified shares; payment of bonds; lease payments; approval by fiscal body
Universal Citation: IN Code § 6-3.6-6-18 (2019)
IC 6-3.6-6-18 Pledge of certified shares; payment of bonds; lease payments; approval by fiscal body
Sec. 18. A civil taxing unit may pledge its certified shares to the payment of bonds or to lease payments for:
(1) any purpose of the civil taxing unit;
(2) any purpose of another governmental entity located in any part in the county, including a governmental entity organized on a regional basis; or
(3) any purpose for which certified shares may be used under IC 6-3.6-10.
The pledge must be approved in an ordinance adopted by the fiscal body of the political subdivision.
As added by P.L.243-2015, SEC.10.
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