Indiana Code — Title 6 (Taxation)
IC 6-1.1-20-7.5
Review and approval by department of local government
finance not required for certain bonds or leases
Sec. 7.5. This section applies only to bonds, leases, and other debt for which a political subdivision:
# (1)
after June 30, 2008, makes a preliminary determination as described in section 3.1 or 3.5 of this chapter or a decision as described in section 5 of this chapter; or
# (2)
in the case of bonds, leases, or other obligations not subject to section 3.1, 3.5, or
5 of this chapter, adopts a resolution or ordinance authorizing the bonds, lease rental agreement, or other obligations after June 30, 2008.
Notwithstanding any other provision, review by the department of local government finance and approval by the department of local government finance are not required before a political subdivision may issue or enter into bonds, a lease, or any other obligations payable from ad valorem property taxes.
As added by P.L.146-2008, SEC.197.
Amendment history
As added by P.L.146-2008, SEC.197.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-20-3.7 · Political subdivision resolution to apply local public…
- 6-1.1-20-3.8 · Procedure for initiating referendum for certain projects…
- 6-1.1-20-3.9 · Eligibility to vote on public question
- 6-1.1-20-4 · Repealed
- 6-1.1-20-4.1 · School corporations; time period limitation on succeeding
- 6-1.1-20-4.2 · Petition and remonstrance process for certain projects…
- 6-1.1-20-4.3 · Petition and referendum process for certain projects…
- 6-1.1-20-4.5 · Maintenance emergencies
- 6-1.1-20-4.6 · Department of local government finance; determination of…
- 6-1.1-20-5 · Issuance of bonds or leases in excess of $5,000;…
- 6-1.1-20-6 · Department of local government finance hearing on…
- 6-1.1-20-7 · Interest rate in excess of 8%; approval by department of…
- 6-1.1-20-7.5 · Review and approval by department of local government
- 6-1.1-20-8 · Repealed
- 6-1.1-20-8.5 · Repealed
- 6-1.1-20-9 · Public improvement bonds, ordinance, or resolution;
- 6-1.1-20-10 · Restrictions on promoting a position on a petition and
- 6-1.1-20-10.1 · Restrictions on promoting a position on a referendum
- 6-1.1-20-11 · Standards; validity of signatures on petition
- 6-1.1-20-12 · Distribution of levy approved in referendum
- 6-1.1-20.2-1 · "Board"
- 6-1.1-20.2-2 · "Eligible county"
- 6-1.1-20.2-3 · Eligible county may apply to board for loan
- 6-1.1-20.2-4 · Board determines terms of any loan after review by budget
- 6-1.1-20.2-5 · Interest on loan