CHAPTER 15. CUMULATIVE BUILDING FUND, SINKING FUND, AND DEBT SERVICE FUND FOR CERTAIN LAW ENFORCEMENT PURPOSES
IC 36-9-15
Chapter 15. Cumulative Building Fund, Sinking Fund, and Debt
Service Fund for Certain Law Enforcement Purposes
IC 36-9-15-1
Application of chapter
Sec. 1. This chapter applies to all counties.
As added by Acts 1981, P.L.309, SEC.88.
IC 36-9-15-2
Authorization of funds and tax levies
Sec. 2. (a) A county fiscal body may establish cumulative building
funds under IC 6-1.1-41 or sinking funds in the same manner as
cumulative funds are established under IC 6-1.1-41 for the:
(1) construction, repair, remodeling, enlarging, and equipment
of:
(A) a county jail; or
(B) a juvenile detention center to be operated under
IC 31-31-9; or
(2) in a county having a consolidated city, purchase, lease, or
payment of all or part of the purchase price of motor vehicles
for use of the sheriff's department.
(b) The county fiscal body may levy taxes to provide money for:
(1) cumulative building funds established under this chapter in
compliance with IC 6-1.1-41; or
(2) sinking funds established under this chapter in the same
manner a tax is levied for a cumulative fund under IC 6-1.1-41.
(c) IC 6-1.1-41 applies to a sinking fund under this chapter to the
same extent as if the sinking fund was a cumulative fund.
As added by Acts 1981, P.L.309, SEC.88. Amended by P.L.82-1985,
SEC.5; P.L.17-1995, SEC.31; P.L.1-1997, SEC.156.
IC 36-9-15-3
Repealed
(Repealed by P.L.17-1995, SEC.45.)
IC 36-9-15-4
Repealed
(Repealed by P.L.17-1995, SEC.45.)
IC 36-9-15-5
Repealed
(Repealed by P.L.17-1995, SEC.45.)
IC 36-9-15-6
Repealed
(Repealed by P.L.17-1995, SEC.45.)
IC 36-9-15-7
Repealed
(Repealed by P.L.17-1995, SEC.45.)
IC 36-9-15-8
Repealed
(Repealed by P.L.17-1995, SEC.45.)
IC 36-9-15-9
Repealed
(Repealed by P.L.17-1995, SEC.45.)
IC 36-9-15-10
Debt service fund; creation; purposes; tax levy
Sec. 10. (a) The county fiscal body may establish a debt service
fund for the payment of:
(1) a debt or other obligation arising out of money borrowed or
advanced for a jail that it purchases from the proceeds of a bond
issue for capital construction under IC 36-2-6-18; or
(2) a lease to provide capital construction under IC 36-1-10.
(b) The county fiscal body shall levy a tax each year in an amount
sufficient to pay all debt service obligations for jails for that year.
IC 6-1.1-18.5-8 applies to such a tax levy.
As added by Acts 1981, P.L.309, SEC.88. Amended by P.L.73-1983,
SEC.21.