Limitations on bonds, leases, or other obligations incurred after May 9, 2025

Ind. Code § 6-3.6-10-9
in effect
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Sec. 9. (a) Notwithstanding any other law, for bonds, leases, or any other obligations incurred after May 9, 2025, a county, city, town, and any other taxing unit may not pledge for payment from tax revenue received under this article an amount that exceeds an amount equal to twenty-five percent (25%) of the taxing unit's certified distribution under this article. (b) This section expires July 1, 2028. As added by P.L.68-2025, SEC.178. Amended by P.L.157-2026, SEC.148.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026

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