A conservancy district located wholly or partially inside the corporate boundaries of the consolidated city has all the powers granted it by statute. However, it may not:

1. (1) enforce a regulation that is in conflict with or permits a lesser standard than an applicable ordinance or regulation of the consolidated city; or

2. (2) issue general obligation bonds.

   [Pre-Local Government Recodification Citation: 18-4-4-6 part.]

   As added by Acts 1980, P.L.212, SEC.2.