Indiana Code 13-18-8-2. Compliance by municipality; bond issue
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Sec. 2. (a) If the offender is a municipal corporation, the cost of:
(2) taking other steps that are necessary to comply with the order;
(1) acquisition, construction, repair, alteration, or extension of the necessary plants, machinery, or works; or
Terms Used In Indiana Code 13-18-8-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
shall be paid out of money on hand available for these purposes or out of the general money of the municipal corporation not otherwise appropriated.
(b) If there is not sufficient money on hand or unappropriated, the necessary money shall be raised by the issuance of bonds. The bond issue is subject only to the approval of the department of local government finance (before July 1, 2008).
[Pre-1996 Recodification Citation: 13-1-3-12(a) part.]
As added by P.L.1-1996, SEC.8. Amended by P.L.90-2002, SEC.367; P.L.224-2007, SEC.103; P.L.146-2008, SEC.421.