Sec. 15. 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.]
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