CHAPTER 8. JUDGMENT FUNDING BONDS OF COUNTIES
IC 5-1-8
Chapter 8. Judgment Funding Bonds of Counties
IC 5-1-8-1
Issuance and sale of judgment funding bonds; purpose; authority;
restrictions
Sec. 1. The county council may, in its discretion, authorize the
issuance and sale of judgment funding bonds of the county for the
purpose of procuring funds to pay any judgment taken against the
county. Such bonds shall be authorized, issued and sold pursuant to
statutes governing the issuance of refunding bonds of the county, and
the amount thereof shall not exceed the face of the judgment or
judgments being funded, plus the accrued interest thereon, together
with the costs taxed by the court.
As added by Acts 1980, P.L.8, SEC.14.