Section 36-9-15-10 - Debt service fund; creation; purposes; tax levy(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.Pre-Local Government Recodification Citation: 17-3-84.8-1.
As added by Acts1981 , P.L. 309, SEC.88. Amended by P.L. 73-1983, SEC.21.