Increase in tax rate and levy by department of local government
finance
Sec. 17. Subject to the limitations contained in IC 6-1.1-19 and
IC 6-1.1-18.5, the department of local government finance may at
any time increase the tax rate and tax levy of a political subdivision
for the following reasons:
(1) To pay the principal or interest upon a funding, refunding,
or judgment funding obligation of a political subdivision.
(2) To pay the interest or principal upon an outstanding
obligation of the political subdivision.
(3) To pay a judgment rendered against the political
subdivision.
(4) To pay lease rentals that have become an obligation of the
political subdivision under IC 21-5-11 or IC 21-5-12.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.73-1983,
SEC.8; P.L.90-2002, SEC.159.
Last modified: May 28, 2006