Indiana § 36-7-12-39 - Validation of prior authorized bonds

Full text of Indiana Indiana Code § 36-7-12-39 — Validation of prior authorized bonds, with citation guidance and answers to common questions.

§ 36-7-12-39. Validation of prior authorized bonds

Sec. 39. Any bonds authorized to be issued under the authority of this chapter by a resolution adopted under section 24 of this chapter before June 1, 1985, remain valid regardless of any amendments made to this chapter by P.L.20-1985.

As added by P.L.25-1987, SEC.59.

IC 36-7-13Chapter 13. Industrial Development

36-7-13-1Application of chapter 36-7-13-1.6"District" 36-7-13-2Repealed 36-7-13-2.4"Gross retail base period amount" 36-7-13-2.6"Gross retail incremental amount" 36-7-13-3"Improve"; authority to acquire, own, and deal in real property; expenditure of funds 36-7-13-3.2"Income tax base period amount" 36-7-13-3.4"Income tax incremental amount" 36-7-13-3.8"State and local income taxes" 36-7-13-4Industrial development fund; tax levy 36-7-13-5Advisory commission on industrial development; creation; membership; duties 36-7-13-5.5Sales or leases of property acquired for industrial development 36-7-13-6Industrial development fund; payments and deposits 36-7-13-7Title to real property 36-7-13-8Property acquired by or from unit; no tax exemption 36-7-13-9Transfer of surplus funds; cessation of tax levy 36-7-13-10Application for designation of district 36-7-13-10.1Application for designation of district in first or second class city 36-7-13-10.5Designation of districts in economically distressed counties; duration of district; notice publication; information to taxing units; budget agency review 36-7-13-10.7Calculation of net increment for preceding fiscal year; funds and accounts; limitation on amounts received by city 36-7-13-11Application for designation of district; duties of advisory commission on industrial development 36-7-13-12Designation of district; resolution; findings; duration; notice requirements; information to taxing units; budget agency proceedings 36-7-13-12.1Designation of district; resolution; findings; duration; notice requirements; information to taxing units; budget agency proceedings 36-7-13-12.3Designation of districts after 2010; requirements 36-7-13-12.4Limitation on renewal or extension of existing allocation area; required conditions 36-7-13-12.5Petition for modification of district boundaries; budget committee and budget agency findings; certification of boundaries 36-7-13-13Designation of district; information to department of state revenue; determination of gross retail base period amount and income tax base period amount 36-7-13-14Tax incremental amount calculations; district business duties 36-7-13-15Incremental tax financing funds 36-7-13-16Issuance of bonds or other obligations 36-7-13-17Pledge of money in industrial development fund 36-7-13-18Goals or benchmarks for property development or redevelopment 36-7-13-19Termination of district 36-7-13-20Covenant not to adversely affect owners of bonds or obligations 36-7-13-21Written agreements for joint economic development projects 36-7-13-22Terms of written agreement for joint economic development project 36-7-13-23Repealed

Source: official Indiana text · Last verified 2026-08-27

Frequently Asked Questions About Indiana § 36-7-12-39

What does Indiana Code § 36-7-12-39 cover?

Section 36-7-12-39 ("Validation of prior authorized 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 § 36-7-12-39?

A common citation format is "Indiana Code § 36-7-12-39" (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 § 36-7-12-39 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.