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12-29-1-4. County bonds; issuance for constructing, equipping, or improving center buildings; payment of proportionate cost of project

IN Code § 12-29-1-4 (2019) (N/A)
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Sec. 4. (a) Bonds of a county may be issued for the construction and equipment or the improvement of a building to house a community intellectual disability and other developmental disabilities center.

(b) If services are provided to at least two (2) counties:

(1) bonds of the counties involved may be issued to pay the proportionate cost of the project in the proportion determined and agreed upon by the fiscal bodies of the counties involved; or

(2) bonds of one (1) county may be issued and the remaining counties may annually appropriate to the county issuing the bonds amounts to be applied to the payment of the bonds and interest on the bonds in the proportion agreed upon by the county fiscal bodies of the counties involved.

[Pre-1992 Revision Citation: 16-16-1-5 part.]

As added by P.L.2-1992, SEC.23. Amended by P.L.78-2004, SEC.13; P.L.117-2015, SEC.28.

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12-29-1-4. County bonds; issuance for constructing, equipping, or improving center buildings; payment of proportionate cost of project