Sec. 15. Money to pay the cost of construction and operation of parking facilities may be:

(1) accepted as a donation;

Terms Used In Indiana Code 36-9-11-15

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) appropriated from the general fund or from any fund derived from parking revenues;

(3) provided by the issuance and sale of general obligation bonds of the municipality;

(4) provided by the issuance and sale of bonds payable solely from revenues derived from parking facilities, parking meters, or parking mechanisms, as provided by section 16 of this chapter; or

(5) provided by any combination of these methods.

The issuance of general obligation bonds and the appropriation of funds raised by taxation must comply with the applicable general statutes.

[Pre-Local Government Recodification Citations: 19-5-11-2 part; 19-5-13-3 part.]

As added by Acts 1981, P.L.309, SEC.84.

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