Indiana Code 6-1.1-20-2. Lease obligations and issuance of instruments authorized
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Terms Used In Indiana Code 6-1.1-20-2
- obligations: refers to a contract or promise to pay of a political subdivision that would be considered a bond or lease under this chapter but for the fact that it is payable solely from funds other than property taxes. See Indiana Code 6-1.1-20-1.5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 2. A political subdivision may, subject to the limitations provided by law, issue any bonds, notes, or warrants, or enter into any leases or obligations that it considers necessary.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-25 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.25-1995, SEC.47.