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Indiana Code Title 8. Utilities and Transportation § 8-14-9-12

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

Sec. 12. All bonds and interest on bonds issued under this chapter are exempt from taxation as provided under IC 6-8-5-1.  All general laws relating to:

(1) the filing of a petition requesting the issuance of bonds;

(2) the right of:

(A) taxpayers and voters to remonstrate against the issuance of bonds, in the case of a proposed bond issue described by IC 6-1.1-20-3.1(a);  or

(B) voters to vote on the issuance of bonds, in the case of a proposed bond issue described by IC 6-1.1-20-3.5(a);

(3) the appropriation of the proceeds of the bonds and the approval of the appropriation by the department of local government finance;  and

(4) the sale of bonds at public sale for not less than par value;

are applicable to proceedings under this chapter.

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Cite this article: FindLaw.com - Indiana Code Title 8. Utilities and Transportation § 8-14-9-12 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-8-utilities-and-transportation/in-code-sect-8-14-9-12/

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