Section 6-1.1-17-17 - Increase in tax rate and levy by department of local government finance Subject to the limitations contained in IC 6-1.1-18.5 and IC 20-46, the department of local government finance may at any time increase the tax rate and tax levy of a political subdivision for the following reasons:
(1) To pay the principal or interest upon a funding, refunding, or judgment funding obligation of a political subdivision.(2) To pay the interest or principal upon an outstanding obligation of the political subdivision.(3) To pay a judgment rendered against the political subdivision.(4) To pay lease rentals that have become an obligation of the political subdivision under IC 20-47-2 or IC 20-47-3.Pre-1975 Property Tax Recodification Citation: 6-1-1-24 part.
(Formerly: Acts1975 , P.L. 47, SEC.1.) As amended by P.L. 73-1983, SEC.8; P.L. 90-2002, SEC.159; P.L. 2-2006, SEC.39; P.L. 146-2008, SEC.161.