{"data":{"id":"us-in/ic-5-1-14-15","jurisdiction":"us-in","citation":"IC 5-1-14-15","heading":"Bonds and obligations to fund pension benefits","body":"Sec. 15. (a) Before July 1, 2008, a county or municipality may issue bonds, notes, or other obligations for the purpose of providing funds to pay pension benefits under IC 36-8-6, IC 36-8-7, or IC 36-8-7.5.\n(b) Notwithstanding any other law:\n(1) bonds, notes, or other obligations issued for the purpose described in this section may have a final maturity date up to, but not exceeding, forty (40) years from the date of original issuance; and\n(2) the amount of bonds, notes, or other obligations that may be issued for the purpose described in this section may not exceed two percent (2%) of the true tax value of property located within the county or municipality.\n(c) This section is supplemental to all other laws but does not relieve a county or municipality from complying with other procedural requirements for the issuance of bonds, notes, or other obligations.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1. BONDS AND OTHER OBLIGATIONS","Chapter 14. Miscellaneous Provisions"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1-14-15","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"a10b3d2019f420eb1b0dd56550928b963d03352beba31caa90d2562410845715","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1-14-14-version-b","next":"us-in/ic-5-1-14-16"},"notice":"GroundRules: Original legal text. Not legal advice."}