§ 19

Ind. Code § 12-29-2-19

County property of building if bond issued; nonapplication of tax limitations

As added by P.L.78-2004, SEC.20.

If bonds are issued under this chapter:

  1. (1) the building that is constructed, equipped, or improved with proceeds of the bonds is:

    1. (A) the property of the county issuing the bonds; or
    2. (B) the joint property of the counties involved if the bonds are issued by at least two (2) counties; and
  2. (2) the tax limitations in this chapter do not apply to the levy of taxes to pay the bonds and the interest on the bonds.

As added by P.L.78-2004, SEC.20.

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