Indiana § 5-1-14-1 - Bonds, notes, or warrants not subject to maximum interest rate limitations
Full text of Indiana Indiana Code § 5-1-14-1 — Bonds, notes, or warrants not subject to maximum interest rate limitations, with citation guidance and answers to common questions.
§ 5-1-14-1. Bonds, notes, or warrants not subject to maximum interest rate limitations
Sec. 1. (a) Any bonds, notes, or warrants, whether payable from property taxes, revenues, or any other source, are not subject to the maximum interest rate limitations contained in any law enacted before December 31, 1982, if they are issued by or in the name of any entity named in IC 5-1-1-1.
(b) After July 1, 1979, any bond, coupon, certificate of indebtedness, or installment payment payable by a city, town, or property holder for public improvements under the Barrett Law is not subject to any maximum interest rate limitation. This subsection does not apply to interest rates or penalties on delinquencies provided under the Barrett Law.
(c) This section does not limit an interest rate review conducted by the department of local government finance under IC 6-1.1-20-7.
[Pre-Local Government Recodification Citation: 6-1.1-20-8.]
As added by Acts 1980, P.L.8, SEC.25. Amended by P.L.44-1983, SEC.6; P.L.90-2002, SEC.12.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-1-14-1
What does Indiana Code § 5-1-14-1 cover?
Section 5-1-14-1 ("Bonds, notes, or warrants not subject to maximum interest rate limitations") 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 § 5-1-14-1?
A common citation format is "Indiana Code § 5-1-14-1" (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 § 5-1-14-1 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.