IC 6-3.6-6-18 — Pledge of certified shares; payment of bonds; lease payments; approval by fiscal body
Chapter 6. Expenditure Rate
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Section text
Sec. 18. A civil taxing unit may pledge its certified shares to the payment of bonds or to lease payments for: (1) any purpose of the civil taxing 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 certified shares may be used under IC 6-3.6-10. 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.
Source: official publisher (2026 edition)