{"data":{"id":"us-in/ic-6-9-25-11","jurisdiction":"us-in","citation":"IC 6-9-25-11","heading":"Bonds; issuance; payment; lease of facilities","body":"Sec. 11. (a) The county may issue its bonds to:\n(1) pay any costs associated with a basketball hall of fame, as set forth in section 9(b)(1) of this chapter;\n(2) reimburse the county or any nonprofit corporation for any money advanced to pay those costs; or\n(3) refund bonds issued under this section.\n(b) Bonds issued under this section:\n(1) are payable solely from money provided under this chapter;\n(2) must be issued in the manner prescribed by IC 36-2-6-18 through IC 36-2-6-20; and\n(3) may, in the discretion of the county, be sold at negotiated sale at a price to be determined by the county or in accordance with IC 5-1-11 and IC 5-3-1.\n(c) Proceeds of the tax established under this chapter may be pledged:\n(1) to pay debt service on bonds issued under this chapter;\n(2) for the payment of lease rentals or other obligations entered into under this chapter; or\n(3) for any purposes set forth in section 9(b)(1) or 9.5 of this chapter.\nA pledge is enforceable as set forth in IC 5-1-14-4.\n(d) The county may lease the basketball hall of fame facility to a nonprofit corporation for a term not to exceed twenty-five (25) years. The lease may contain any terms acceptable to the county council and must be approved by ordinance of the county council.","path":["TITLE 6. TAXATION","ARTICLE 9. INNKEEPER'S TAXES; OTHER LOCAL TAXES","Chapter 25. Henry County Food and Beverage Tax"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-9-25-11","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"b0bba09b0f6e9966ec0c20adcac1c90a0ecc60f598f7cd85c1513a2b279b2ac0","source_id":"us-in","stale":false,"prev":"us-in/ic-6-9-25-10.7","next":"us-in/ic-6-9-25-11.5"},"notice":"GroundRules: Original legal text. Not legal advice."}