§ 6-1-1-17-17

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: Acts 1975, 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.