5-15-20.1: Debt service reserve account.
Where this section sits in the code
- Chapter 5 - Municipalities and Counties
- ARTICLE 15 Tax Increment for Development
After the retirement of all bonds issued pursuant to the tax increment development plan, any balance in a debt service reserve account established for the payment of those bonds shall be paid to the governments that have dedicated a tax increment to the district in proportion to the amount of tax increment attributable to their dedication.
Collected 2026-09-03T15:02:19Z. Source file · JSON