Ind. Code § 20-48-1-6
Note: This version of section effective until 1-1-2019. See also following version of this section, effective 1-1-2019.
(b) The bodies charged with the review of budgets and tax levies shall review a levy for principal and interest described in subsection (a) to determine whether the levy is sufficient.
[Pre-2006 Recodification Citation: 21-2-21-5.]
Sec. 6. (a) The governing body shall provide for the payment of principal and interest on bonds executed under section 5 of this chapter by levying annually a tax that is sufficient to pay the principal and interest as the bonds become due.
As added by P.L.2-2006, SEC.171.