"Bonds" defined
Sec. 1. For purposes of this chapter, the term "bonds" means any
bonds or other evidences of indebtedness payable from property
taxes for a controlled project, but does not include:
(1) notes representing loans under IC 36-2-6-18, IC 36-3-4-22,
IC 36-4-6-20, or IC 36-5-2-11 which are payable within five (5)
years after issuance;
(2) warrants representing temporary loans which are payable
out of taxes levied and in the course of collection;
(3) a lease;
(4) obligations; or
(5) funding, refunding, or judgment funding bonds of political
subdivisions.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.37-1988,
SEC.8; P.L.25-1995, SEC.39.
Last modified: May 28, 2006