Section 6-3.6-6-18 - Pledge of certified shares; payment of bonds; lease payments; approval by fiscal body A civil taxing unit may pledge its certified shares to the payment of bonds or to lease payments for:
(1) any purpose of the civil taxing unit;(2) any purpose of another governmental entity located in any part in the county, including a governmental entity organized on a regional basis; or(3) any purpose for which certified shares may be used under IC 6-3.6-10.The pledge must be approved in an ordinance adopted by the fiscal body of the political subdivision.
Added by P.L. 243-2015, SEC. 10, eff. 7/1/2015.