Pledge of certified shares; payment of bonds; lease payments; approval by fiscal body
Ind. Code § 6-3.6-6-18
in effectNote: This version of section effective until 7-1-2028. See also following version of this section, effective 7-1-2028.
Sec. 18. A civil taxing unit may pledge its certified shares to the payment of bonds or to lease payments for:
(1) any purpose of the civil taxing unit;
(2) any purpose of another governmental entity located in any part in the county, including a governmental entity organized on a regional basis; or
(3) any purpose for which certified shares may be used under IC 6-3.6-10.
The pledge must be approved in an ordinance adopted by the fiscal body of the political subdivision.
As added by P.L.243-2015, SEC.10.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026