reglab/housing_qa huggingface dataset:
IN Code § 8-25-5-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-4. Ordinance Authorizing Bonds; Method of Sale; Price

Sec. 4. (a) The bonds must be authorized by ordinance of the fiscal body. The ordinance must provide the following with respect to the bonds:(1) The original date of the bonds.(2) The time or times that the bonds mature. However, a bond may not mature more than twenty (20) years after the date it is issued.(3) The maximum interest rate or rates, including variations of the rates.(4) The denominations.(5) The form, either coupon or registered.(6) The registration privileges.(7) The medium of payment and the place or places of payment.(8) The terms of redemption, including redemption before maturity.(b) Bonds issued under this chapter must be sold under IC 5-1-11, and at a price or prices determined by the county fiscal body in the ordinance.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-5. Optional Provisions of Ordinance

Sec. 5. An ordinance authorizing the issuance of bonds under this chapter or trust indenture under which the bonds are issued may contain the following provisions:(1) Pledging revenues of the county to secure the payment of the bonds, subject to section 6 of this chapter and existing agreements with bondholders.(2) Setting aside reserves or sinking funds and the regulation and disposition of these funds.(3) Limitations on the purposes to which the proceeds from the sale of bonds may be applied.(4) Limitations on the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, and the refunding of outstanding or other bonds.(5) The procedure, if any, by which the terms of a contract with bondholders may be amended or abrogated and the manner in which the consent to the amendment or abrogation may be given.(6) Vesting in a trustee property, rights, powers, and trust as the county fiscal body determines, and limiting or abrogating the right of the bondholders to appoint a trustee or to limit the rights, powers, and duties of the trustee.(7) Defining acts or omissions that will constitute a default and the obligations or duties of the county fiscal body to the bondholders and providing for the rights and remedies of the bondholders in the event of default. However, the rights and remedies must not be inconsistent with this chapter or other laws of this state.(8) A covenant that the fiscal body will not repeal or adversely modify the taxes or sources of revenue that are pledged to secure the payment of the bonds.(9) Any other matter that affects the security or protection of the bondholders.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-6. Pledges of Revenues, Covenants

Sec. 6. (a) Except as provided in subsection (b), the county fiscal body may pledge revenues for the payment of principal and interest on the bonds and for other purposes under the ordinance as provided by IC 5-1-14-4, including revenues from the local income tax in Delaware County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, or Marion County.(b) The county fiscal body may not pledge to levy ad valorem property taxes for these purposes.(c) If the county fiscal body has pledged revenues from the local income tax as set forth in subsection (a), the county fiscal body may covenant that the county fiscal body will not repeal or modify the tax in a manner that would adversely affect owners of outstanding bonds issued under this chapter. The county fiscal body may make the covenant by adopting an ordinance.As added by P.L.153-2014, SEC.17. Amended by P.L.197-2016, SEC.95; P.L.247-2017, SEC.29.
IN Code § 8-25-5-7 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-7. Trust Indentures

Sec. 7. (a) The bonds may be secured by a trust indenture between the county and a bank having the power of a trust company or any trust company.(b) The trust indenture may provide for:(1) protecting and enforcing the rights and remedies of the bondholders as are reasonable and proper and not in violation of law;(2) covenants setting forth the duties of the county fiscal body in relation to the exercise of its powers and the custody, safekeeping, and application of money related to the bond financing for which the trust indenture exists;(3) the payment of the proceeds of the bonds and the revenue of the trustee under the trust indenture; and(4) the method of disbursement of the proceeds of the bonds and the revenue to the trustee, with safeguards and restrictions as the county fiscal body may determine.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-8 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-8. Execution and Attestation of Bonds

Sec. 8. Bonds issued by the county under this chapter must be executed by the manual or facsimile signatures of the executive and attested to by the county auditor.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-9 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-9. Use of Bond Proceeds

Sec. 9. Money received from the bonds issued under this chapter shall be applied solely to the purposes for which the bonds were issued, except as provided in IC 5-1-13 and IC 5-1-14.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-10 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-10. Bonds as Negotiable Instruments; Registration

Sec. 10. The bonds are negotiable instruments, subject only to the provisions of the bonds relating to registration.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-11 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-11. Tax Exemption

Sec. 11. Bonds issued under this chapter are exempt from taxation in Indiana under IC 6-8-5.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-12 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-12. Exemption From Securities Registration Laws

Sec. 12. Bonds issued by the county under this chapter are exempt from registration and other requirements of IC 23 and any other securities registration laws.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-13 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-13. State Covenant Not to Impair Bondholder Rights and Remedies

Sec. 13. The general assembly pledges to and covenants with the owner of any bonds issued under this chapter that the general assembly will not limit or alter the ability of the county to fulfill the terms of the agreements or pledges made with bondholders or in any way impair the rights or remedies of the bondholders until the bonds and related obligations are fully met and discharged.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-14 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-14. Certain Procedures for Issuance of Bonds Inapplicable

Sec. 14. IC 6-1.1-20 does not apply to the issuance of bonds under this chapter.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-5-15 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 5. Bonding for Central Indiana Public Transportation Projects|8-25-5-15. State Moral Obligation Not Created

Sec. 15. Bonds issued under this chapter do not create a moral obligation of the state to pay all or part of the debt.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-6-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-1. Applicability

Sec. 1. This chapter applies to a township located in an eligible county.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-6-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-2. Prerequisites for Township Opt-In

Sec. 2. (a) This subsection does not apply to townships located in Hendricks County. If:(1) the fiscal body of the county in which a township is located does not adopt an ordinance under IC 8-25-2-1; and(2) the township is adjacent to:(A) an eligible county in which:(i) a public transportation project has been approved under IC 8-25-2; or(ii) an ordinance described in IC 8-25-2 has been adopted; or(B) another township in which:(i) a public transportation project has been approved under this chapter; or(ii) a resolution described in this section has already been passed;the fiscal body of the township may pass a resolution to place on the ballot a local public question on whether the fiscal body of the eligible county should be required to fund and carry out a public transportation project in the township.(b) This subsection applies to Guilford Township in Hendricks County. The township fiscal body may pass a resolution to place on the ballot a local public question on whether the township fiscal body should be required to fund and carry out a public transportation project in the township.(c) The fiscal body of the township shall include in the resolution passed under subsection (a) or (b):(1) a description of the public transportation services that will be provided in the township through the proposed public transportation project; and(2) an estimate of each tax necessary to annually fund the public transportation project in the township.As added by P.L.153-2014, SEC.17. Amended by P.L.203-2016, SEC.21; P.L.247-2017, SEC.30.
IN Code § 8-25-6-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-3. Township Fiscal Body Resolution Requirements

Sec. 3. If the fiscal body of a township adopts a resolution under section 2 of this chapter, the township trustee shall certify a copy of the resolution to the department of local government finance, including the language for the question required by IC 8-25-2-3. The township trustee may modify the proposed local question as necessary to indicate that the local question concerns a public transportation project for the township. The department shall review the language for compliance with section 4 of this chapter, whichever is applicable to the eligible county, while taking into account any necessary modifications for the township. The department of local government finance may approve or reject the language. The department shall send its decision to the township trustee and the fiscal body of the township not more than ten (10) days after the resolution is submitted to the department. If the language is approved, the township trustee shall certify a copy of the resolution, including the language for the question and the department's approval, to the county election board of the eligible county.As added by P.L.153-2014, SEC.17. Amended by P.L.197-2016, SEC.96.
IN Code § 8-25-6-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-4. Model Local Public Question

Sec. 4. If the county election board of an eligible county receives from a township trustee a certified copy of the resolution adopted under section 2 of this chapter and the approved language for the local public question, the county election board shall place the following question on the election ballot in accordance with IC 3-10-9:"Shall _________ County impose a local income tax rate, not to exceed a rate of _________ (insert recommended rate included in the ordinance authorizing the local public question), on the local taxpayers residing in ______________ Township to pay for improving or establishing public transportation service in ___________ Township through a public transportation project that _____________ (insert the description of the public transportation project set forth in the township resolution authorizing the local public question)?".As added by P.L.153-2014, SEC.17. Amended by P.L.197-2016, SEC.97.
IN Code § 8-25-6-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-5. Local Public Question at General Election

Sec. 5. If a township trustee certifies a resolution under section 3 of this chapter, the county election board shall place the local public question on the ballot at the next general election for which the question may be certified under IC 3-10-9-3 and for which all voters of the township are entitled to vote.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-6-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-6. Certification of Election Returns

Sec. 6. After an election on the local public question, the circuit court clerk of the eligible county in which the township is located shall:(1) make a certified copy of the election returns; and(2) not later than five (5) days after the election, file the copy with:(A) the department of state revenue;(B) the fiscal body of the county; and(C) the fiscal body of the township.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-6-7 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-7. Approval or Defeat of Local Public Question

Sec. 7. The local public question is approved by a township if a majority of the township voters voting on the local public question vote "yes". The local public question is defeated by a township if a majority of the township voters voting on the local public question vote "no".As added by P.L.153-2014, SEC.17.
IN Code § 8-25-6-8 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-8. Effect of Defeated Local Public Question

Sec. 8. If the local public question is defeated in a township, the fiscal body of the township may adopt a resolution under section 2 of this chapter to place another local public question on the ballot as provided in this chapter at a subsequent general election in the township. However, a local public question may not be placed on the ballot in the township under this chapter more than two (2) times in any seven (7) year period.As added by P.L.153-2014, SEC.17. Amended by P.L.203-2016, SEC.22.
IN Code § 8-25-6-9 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-9. Conduct of Political Subdivisions, Public Officials, and Public Employees During an Election on a Local Public Question

Sec. 9. IC 8-25-2-12 applies to a local public question held under this chapter.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-6-10 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-10. County Fiscal Body; Township Fiscal Body in Hendricks County; Required to Impose Taxes on Taxpayers Residing in a Township That Opts in to a Public Transportation Project

Sec. 10. (a) If the voters of a township described in section 2(a)(2)(A)(i) or 2(a)(2)(B)(i) of this chapter approve a local public question under this chapter, the fiscal body of the eligible county in which the township is located shall adopt an ordinance under IC 6-3.6-6 to impose an additional local income tax rate, as permitted by IC 6-3.6-7-27, upon the local taxpayers residing in the township for the public transportation project in the township.(b) This subsection applies if the voters of a township described in section 2(a)(2)(A)(ii) or 2(a)(2)(B)(ii) of this chapter approve a local public question under this chapter and the voters in:(1) the eligible county described in section 2(a)(2)(A) of this chapter approve a local public question under IC 8-25-2; or(2) the township described in section 2(a)(2)(B) of this chapter approve a local public question under this chapter.The fiscal body of the eligible county in which the township is located shall adopt an ordinance under IC 6-3.6-6 to impose an additional local income tax rate, as permitted by IC 6-3.6-7-27, upon the local taxpayers residing in the township for the public transportation project in the township.(c) This subsection applies to Guilford Township in Hendricks County. If the voters of the township approve a local public question under this chapter, the township fiscal body shall adopt a resolution to impose an additional local income tax rate upon the local taxpayers residing in the township for the public transportation project in the township. A resolution adopted under this subsection must comply with the requirements of the department of local government finance and specify an additional tax rate to be imposed in the township of at least one-tenth percent (0.1%), but not more than twenty-five hundredths percent (0.25%). If a resolution is adopted under this subsection, the amount of the certified distribution attributable to the additional tax rate imposed under this subsection must be:(1) retained by the county auditor;(2) deposited in the county public transportation project fund established under IC 8-25-3-7; and(3) used for the purpose provided in this subsection instead of as a property tax replacement distribution.The tax rate under this subsection plus the tax rate under IC 6-3.6-6 may not exceed the tax rate specified in IC 6-3.6-6-2. Notwithstanding IC 6-3.6-7-27, the Hendricks County fiscal body is not required under this section to adopt an ordinance under IC 6-3.6-7-27.As added by P.L.153-2014, SEC.17. Amended by P.L.203-2016, SEC.23; P.L.197-2016, SEC.98; P.L.247-2017, SEC.31.
IN Code § 8-25-6-12 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-12. Additional Tax Rate Applies Only on the County Local Taxpayers Who Reside in the Township That Opts In

Sec. 12. A tax rate imposed under this chapter applies only to the local taxpayers who reside in a township in which the voters approve a local public question held under this chapter.As added by P.L.153-2014, SEC.17. Amended by P.L.197-2016, SEC.100.
IN Code § 8-25-6-13 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-13. Alternative Funding Requirements Apply

Sec. 13. IC 8-25-3-6 applies to a public transportation project authorized under this chapter in a township.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-6-14 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-14. Bonds Payable From Tax Revenue Collected From County Local Taxpayers Who Reside in the Township That Opts In

Sec. 14. Bonds issued with respect to a public transportation project in the township must be paid from tax revenue collected from local taxpayers who reside in the township.As added by P.L.153-2014, SEC.17. Amended by P.L.197-2016, SEC.101.
IN Code § 8-25-6-15 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 6. Township Opt-In|8-25-6-15. Minimum Fare Box Requirements Apply

Sec. 15. IC 36-9-2-2(b) and IC 36-9-2-2(c) apply to a public transportation project authorized under this chapter in a township.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-7-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 7. Public Transportation Foundation in Marion County|8-25-7-1. Applicability

Sec. 1. This chapter applies to Marion County.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-7-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 7. Public Transportation Foundation in Marion County|8-25-7-2. "Board"

Sec. 2. As used in this chapter, "board" refers to the board of a public transportation corporation providing public transportation services in Marion County.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-7-3 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 7. Public Transportation Foundation in Marion County|8-25-7-3. Establishment of Foundation; Purposes

Sec. 3. The board shall establish a foundation that is organized as a nonprofit corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code to solicit and accept private funding, gifts, donations, bequests, devises, and contributions to meet the requirements of IC 8-25-3-6(a).As added by P.L.153-2014, SEC.17.
IN Code § 8-25-7-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 7. Public Transportation Foundation in Marion County|8-25-7-4. Use of Money Collected by Foundation

Sec. 4. A foundation established under section 3 of this chapter:(1) shall use money received under section 3 of this chapter to:(A) fund in part a public transportation project authorized under this article as required by IC 8-25-3-6(a); and(B) carry out the purposes and programs of the foundation under this chapter; and(2) may deposit money received under section 3 of this chapter in an account or fund that is:(A) administered by the foundation; and(B) not part of the state or county treasury.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-7-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 7. Public Transportation Foundation in Marion County|8-25-7-5. Governance of Foundation

Sec. 5. The foundation established under section 3 of this chapter is governed by a board of directors consisting of at least seven (7) voting members appointed by the board.As added by P.L.153-2014, SEC.17.
IN Code § 8-25-7-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 25. Central Indiana Public Transportation Projects|Chapter 7. Public Transportation Foundation in Marion County|8-25-7-6. Terms of Foundation Board Members

Sec. 6. The members appointed under section 5 of this chapter shall be appointed for a term of three (3) years but may be removed by the board for cause.As added by P.L.153-2014, SEC.17.