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Indiana Code Title 36. Local Government § 36-9-15-10

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 10. (a) The county fiscal body may establish a debt service fund for the payment of:

(1) a debt or other obligation arising out of money borrowed or advanced for a jail that it purchases from the proceeds of a bond issue for capital construction under IC 36-2-6-18;  or

(2) a lease to provide capital construction under IC 36-1-10.

(b) The county fiscal body shall levy a tax each year in an amount sufficient to pay all debt service obligations for jails for that year.  IC 6-1.1-18.5-8 applies to such a tax levy.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-9-15-10 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-9-15-10/

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