{"data":{"id":"us-in/ic-5-1-17-25","jurisdiction":"us-in","citation":"IC 5-1-17-25","heading":"Bonds; maximum amount; conditions","body":"Sec. 25. The authority shall not issue bonds in a principal amount exceeding five hundred million dollars ($500,000,000) to finance any capital improvement in Marion County unless:\n(1) on or before June 30, 2005, the county fiscal body:\n(A) increases the rate of the tax authorized by IC 6-6-9.7 by the maximum amount authorized by IC 6-6-9.7-7(c);\n(B) increases the rate of the tax authorized by IC 6-9-8 by the maximum amount authorized by IC 6-9-8-3(d);\n(C) increases the rate of tax authorized by IC 6-9-12 by the maximum amount authorized by IC 6-9-12-5(b); and\n(D) increases the rate of the tax authorized by IC 6-9-13 by the maximum amount authorized by IC 6-9-13-2(b); and\n(2) on or before October 1, 2005, the budget director makes a determination under IC 36-7-31-14.1 to increase the amount of money captured in a tax area established under IC 36-7-31 by up to eleven million dollars ($11,000,000) per year, commencing July 1, 2007.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1. BONDS AND OTHER OBLIGATIONS","Chapter 17. Indiana Stadium and Convention Building Authority"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1-17-25","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"61dd522d10a2300168fb75ab096c031101185516e0f4a9c4a1e9e08ed4df83b9","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1-17-24","next":"us-in/ic-5-1-17-26"},"notice":"GroundRules: Original legal text. Not legal advice."}