Indiana § 20-48-4-8 - Powers; issuance of bonds
Full text of Indiana Indiana Code § 20-48-4-8 — Powers; issuance of bonds, with citation guidance and answers to common questions.
§ 20-48-4-8. Powers; issuance of bonds
Sec. 8. (a) Upon approval by the department of local government finance (if required under section 6 of this chapter), the township trustee may, with the consent of the township board, issue and sell the bonds of the civil township in an amount sufficient to pay for the alteration, construction, or addition described in section 6 of this chapter.
(b) The trustee may levy a tax on the taxable property of the township in an amount sufficient to discharge the bonds issued and sold. The bonds may not bear a maturity date more than twenty (20) years from the date of issue.
[Pre-2006 Recodification Citation: 21-2-3.2-4.]
As added by P.L.2-2006, SEC.171. Amended by P.L.146-2008, SEC.527.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-48-4-8
What does Indiana Code § 20-48-4-8 cover?
Section 20-48-4-8 ("Powers; issuance of bonds") 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 § 20-48-4-8?
A common citation format is "Indiana Code § 20-48-4-8" (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 § 20-48-4-8 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.