Section 12-29-1-6 - Center building the property of county or counties issuing bonds; tax limitations in IC 12-29-1-1 and IC 12-29-1-2 not applicableIf bonds are issued under this chapter:
(1) the building that is constructed, equipped, or improved with proceeds of the bonds is: (A) the property of the county issuing the bonds; or(B) the joint property of the counties involved if the bonds are issued by at least two (2) counties; and(2) the tax limitations in sections 1 and 2 of this chapter do not apply to the levy of taxes to pay the bonds and the interest on the bonds.Pre-1992 Revision Citation: 16-16-1-5 part.
As added by P.L. 2-1992, SEC.23.