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 Acts 1981, P.L.309, SEC.84.
Indiana Legal Code