{"data":{"id":"us-in/ic-8-14-9-12","jurisdiction":"us-in","citation":"IC 8-14-9-12","heading":"Bonds; tax exemption; application of laws","body":"Sec. 12. All bonds and interest on bonds issued under this chapter are exempt from taxation as provided under IC 6-8-5-1. All general laws relating to:\n(1) the filing of a petition requesting the issuance of bonds;\n(2) the right of:\n(A) taxpayers and voters to remonstrate against the issuance of bonds, in the case of a proposed bond issue described by IC 6-1.1-20-3.1(a); or\n(B) voters to vote on the issuance of bonds, in the case of a proposed bond issue described by IC 6-1.1-20-3.5(a);\n(3) the appropriation of the proceeds of the bonds and the approval of the appropriation by the department of local government finance; and\n(4) the sale of bonds at public sale for not less than par value;\nare applicable to proceedings under this chapter.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 14. HIGHWAY FINANCES","Chapter 9. Local County Road and Bridge Board"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-14-9-12","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"da55c1868712b686c1a97c6d51b2c44850f199abab559c6fa1d3ca35bdffa93f","source_id":"us-in","stale":false,"prev":"us-in/ic-8-14-9-11","next":"us-in/ic-8-14-9-13"},"notice":"GroundRules: Original legal text. Not legal advice."}