Indiana § 14-27-6-41 - General obligation bonds; payment; tax exemption
Full text of Indiana Indiana Code § 14-27-6-41 — General obligation bonds; payment; tax exemption, with citation guidance and answers to common questions.
§ 14-27-6-41. General obligation bonds; payment; tax exemption
Sec. 41. (a) All bonds issued under this chapter or under IC 13-2-31 (before its repeal) are the direct general obligations of the authority issuing the bonds and are payable out of unlimited ad valorem taxes that shall be levied and collected on all the taxable property within the district. All officials and bodies involved with the levying of taxes for the district shall ensure that sufficient levies are made to meet the principal and interest on the bonds at the time fixed for payment without regard to any other statute.
(b) The bonds issued under this chapter or under IC 13-2-31 (before its repeal) are exempt from taxation for all purposes.
[Pre-1995 Recodification Citation: 13-2-31-19(d).]
As added by P.L.1-1995, SEC.20. Amended by P.L.192-2002(ss), SEC.157.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 14-27-6-41
What does Indiana Code § 14-27-6-41 cover?
Section 14-27-6-41 ("General obligation bonds; payment; tax exemption") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 14-27-6-41?
A common citation format is "Indiana Code § 14-27-6-41" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 14-27-6-41 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.