Section 36-9-11-15 - Funding Money to pay the cost of construction and operation of parking facilities may be:
(1) accepted as a donation;(2) appropriated from the general fund or from any fund derived from parking revenues;(3) provided by the issuance and sale of general obligation bonds of the municipality;(4) provided by the issuance and sale of bonds payable solely from revenues derived from parking facilities, parking meters, or parking mechanisms, as provided by section 16 of this chapter; or(5) provided by any combination of these methods.The issuance of general obligation bonds and the appropriation of funds raised by taxation must comply with the applicable general statutes.
Pre-Local Government Recodification Citations: 19-5-11-2 part; 19-5-13-3 part.
As added by Acts1981 , P.L. 309, SEC.84.