{"data":{"id":"us-in/ic-10-18-3-10","jurisdiction":"us-in","citation":"IC 10-18-3-10","heading":"Limitations on indebtedness; tax exemption","body":"Sec. 10. (a) A county or city may not issue bonds or any other evidence of indebtedness payable by taxation for the construction of a memorial if the total issue of the bonds exceeds two percent (2%) of the adjusted value of the taxable property of the county or city in which the memorial is located as determined under IC 36-1-15.\n(b) Bonds or obligations issued in violation of this section are void.\n(c) Bonds issued under section 8 of this chapter are exempt from taxation.","path":["TITLE 10. PUBLIC SAFETY","ARTICLE 18. WAR MEMORIALS","Chapter 3. City and County War Memorials"],"source_url":"https://iga.in.gov/ic/2026/Title_10.html#10-18-3-10","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-11T05:25:42Z","sha256":"139b298339e5988bd972ca8fb7348d69de636045eb86db96aa17a2403d4b176c","source_id":"us-in","stale":false,"prev":"us-in/ic-10-18-3-9","next":"us-in/ic-10-18-3-11"},"notice":"GroundRules: Original legal text. Not legal advice."}