IC 8-14-9-12 — Bonds; tax exemption; application of laws
Chapter 9. Local County Road and Bridge Board
Section text
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.
As added by Acts 1981, P.L.88, SEC.13. Amended by P.L.90-2002, SEC.319; P.L.219-2007, SEC.93; P.L.146-2008, SEC.362.
Source: official publisher (2026 edition)