Debt service fund; creation; purposes; tax levy

Ind. Code § 36-9-15-10
in effect
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Sec. 10. (a) The county fiscal body may establish a debt service fund for the payment of: (1) a debt or other obligation arising out of money borrowed or advanced for a jail that it purchases from the proceeds of a bond issue for capital construction under IC 36-2-6-18; or (2) a lease to provide capital construction under IC 36-1-10. (b) The county fiscal body shall levy a tax each year in an amount sufficient to pay all debt service obligations for jails for that year. IC 6-1.1-18.5-8 applies to such a tax levy. [Pre-Local Government Recodification Citation: 17-3-84.8-1.] As added by Acts 1981, P.L.309, SEC.88. Amended by P.L.73-1983, SEC.21.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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