Indiana § 36-7-21-8 - Bonds or notes payable from special improvement assessments
Full text of Indiana Indiana Code § 36-7-21-8 — Bonds or notes payable from special improvement assessments, with citation guidance and answers to common questions.
§ 36-7-21-8. Bonds or notes payable from special improvement assessments
Sec. 8. Subject to the approval of the legislative body under IC 36-7-14 or IC 36-7-15.1, as applicable, the redevelopment commission may issue notes or bonds payable from the special improvement assessments. These assessments are not ad valorem property taxes, and any bonds issued and payable by the assessment revenues are not a general obligation of the unit that established the special improvement district.
As added by P.L.380-1987(ss), SEC.20.
IC 36-7-22Chapter 22. Economic Improvement Districts
36-7-22-1Application of chapter 36-7-22-2"Board" defined 36-7-22-3"Economic improvement project" defined 36-7-22-4Petition; filing; contents 36-7-22-5Apportionment of benefits 36-7-22-6Hearing; notice; questions heard 36-7-22-7Ordinance; establishing district 36-7-22-8Repealed 36-7-22-9Ordinance; repeal or amendment 36-7-22-10Ordinance; exemption from special assessments 36-7-22-11Ordinance; economic improvement board 36-7-22-12Assessments; percentage of benefit; notice; hearing; decision; lien; certification; economic improvement districts 36-7-22-13Ordinance or assessment schedule; action contesting validity 36-7-22-14Certification of final scheduled assessments 36-7-22-15Assessments; payment to board 36-7-22-16Economic improvement fund 36-7-22-17Budget 36-7-22-18Purchasing materials or equipment; contracting for public works 36-7-22-19Lease or contractual agreements 36-7-22-20Disposal of assets and liabilities upon repeal of ordinance 36-7-22-21Annual report 36-7-22-22Powers of the board to finance economic improvement projects 36-7-22-23Reimbursement of unit
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-7-21-8
What does Indiana Code § 36-7-21-8 cover?
Section 36-7-21-8 ("Bonds or notes payable from special improvement assessments") 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 § 36-7-21-8?
A common citation format is "Indiana Code § 36-7-21-8" (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 § 36-7-21-8 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.