Indiana § 36-9-27-97 - Bond redemption fund; establishment; composition
Full text of Indiana Indiana Code § 36-9-27-97 — Bond redemption fund; establishment; composition, with citation guidance and answers to common questions.
§ 36-9-27-97. Bond redemption fund; establishment; composition
Sec. 97. (a) A bond redemption fund is established for each construction or reconstruction project for which the board authorizes the sale of bonds. The fund consists of all assessments paid by the owners assessed as benefited by the construction or reconstruction, and may be used only to redeem:
(1) the bonds issued to finance the construction or reconstruction; or
(2) any installment note given in lieu of bonds.
(b) The county auditor shall maintain a separate ledger sheet for all assessments to be received into each bond redemption fund.
[Pre-Local Government Recodification Citation: 19-4-7-3.]
As added by Acts 1981, P.L.309, SEC.101.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-9-27-97
What does Indiana Code § 36-9-27-97 cover?
Section 36-9-27-97 ("Bond redemption fund; establishment; composition") 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 § 36-9-27-97?
A common citation format is "Indiana Code § 36-9-27-97" (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 § 36-9-27-97 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.