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

Ind. Code § 12-29-2-19
in effect
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Sec. 19. If bonds are issued under this chapter: (1) the building that is constructed, equipped, or improved with proceeds of the bonds is: (A) the property of the county issuing the bonds; or (B) the joint property of the counties involved if the bonds are issued by at least two (2) counties; and (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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/12Fetched: 10/17/2026

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