Sec. 12. (a) The district may not issue waste management district bonds under this chapter that are payable by special taxation or fees under IC 13-21-14 in a total amount, including outstanding bonds already issued, exceeding six percent (6%) of the adjusted value of taxable property in the district as determined under IC 36-1-15 . (b) All waste management district bonds issued in violation of this section or IC 13-9.5-9-3 (k) (before its repeal) are void. [Pre-1996 Recodification Citation: 13-9.5-9-3(k).] IC 13-21-8 Chapter 8. Financing: Revenue Bonds 13-21-8-1 Borrowing money and issuing revenue bonds 13-21-8-2 Authorization by board of resolution 13-21-8-3 Revenue bonds; definition; contents 13-21-8-4 Security of bonds
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