Indiana § 5-1-14-17 - General obligation bonds issued before May 1, 2025; one year wait period
Full text of Indiana Indiana Code § 5-1-14-17 — General obligation bonds issued before May 1, 2025; one year wait period, with citation guidance and answers to common questions.
§ 5-1-14-17. General obligation bonds issued before May 1, 2025; one year wait period
Sec. 17. (a) This section applies to a qualified political subdivision.
(b) As used this section, "general obligation bond" means a bond issued for a short term period of not more than five (5) years and payable from property taxes for a purpose or project that is not a controlled project (as defined in IC 6-1.1-20-1.1) for which the bond is not required to be issued using the procedures in IC 6-1.1-20.
(c) As used in this section, "qualified political subdivision" means a county, city, town, township, or school corporation.
(d) Notwithstanding any other law, and except as provided in subsection (e), if a qualified political subdivision issues new general obligation bonds, or has issued general obligation bonds before May 1, 2025, for a period of two (2) years or less, then at the expiration of those general obligation bonds, the qualified political subdivision must wait one (1) year from that date before the qualified political subdivision may issue general obligation bonds.
(e) Subsection (d) shall not apply to a qualified political subdivision in the case of a natural disaster, an accident, or another unanticipated emergency as determined by the department of local government finance.
As added by P.L.68-2025, SEC.3. Amended by P.L.23-2026, SEC.22.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-1-14-17
What does Indiana Code § 5-1-14-17 cover?
Section 5-1-14-17 ("General obligation bonds issued before May 1, 2025; one year wait period") 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 § 5-1-14-17?
A common citation format is "Indiana Code § 5-1-14-17" (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 § 5-1-14-17 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.