Indiana Code — Title 6 (Taxation)
IC 6-3.6-6-18
Pledge of certified shares; payment of bonds; lease payments;
payments; approval by fiscal body
Note: This version of section effective 7-1-2027. See also preceding version of this section, effective until 7-1-2027.
Sec. 18. (a) A county, city, town, or nonmunicipal civil taxing unit may pledge its general purpose revenue to the payment of bonds or to lease payments for:
# (1)
any purpose of the 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 general purpose revenue may be used by the unit under this chapter.
(b) 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. Amended by P.L.68-2025, SEC.141.
Amendment history
As added by P.L.243-2015, SEC.10. Amended by P.L.68-2025, SEC.141.
Source: view the official text
Nearby sections (25 sections)
- 6-3.6-6-8 · Allocation of certified distribution; allocation of revenue…
- 6-3.6-6-8.5 · Marion County; allocation of additional revenue to fund
- 6-3.6-6-9 · Allocation of revenue for economic development; amount of
- 6-3.6-6-9.5 · Capital improvement plan; revenue allocated for economic
- 6-3.6-6-10 · Allocation of additional revenue allocated for certified…
- 6-3.6-6-11 · Eligibility for allocation of certified shares; civil…
- 6-3.6-6-12 · Allocation amount of certified shares; civil taxing units
- 6-3.6-6-13 · Repealed
- 6-3.6-6-14 · Calculation of allocation of certified shares among civil…
- 6-3.6-6-15 · Adjustment of allocation or distribution of certified…
- 6-3.6-6-16 · Marion County; certified shares; supplemental allocation…
- 6-3.6-6-17 · Certified shares; uses
- 6-3.6-6-18 · Pledge of certified shares; payment of bonds; lease…
- 6-3.6-6-19 · Authorization for a civil taxing unit to distribute its…
- 6-3.6-6-20 · Allocation or distribution of revenue made on the basis of
- 6-3.6-6-21 · Ability to contribute certified shares to regional…
- 6-3.6-6-21.2 · School corporation allocation of local income tax…
- 6-3.6-6-21.3 · Allocation and distribution of certain revenue; merger of
- 6-3.6-6-22 · Municipal tax rate; applicability
- 6-3.6-6-23 · Determination of population for cities and towns
- 6-3.6-7-1 · Legislative findings; policy
- 6-3.6-7-2 · Authorization; adoption of special purpose tax rate;…
- 6-3.6-7-3 · Permitted purposes for special purpose rates; repayment of
- 6-3.6-7-4 · Procedures for imposition of special purpose rate; findings…
- 6-3.6-7-5 · Revenue from special purpose rate treated as additional