Note: This version of section effective until 7-1-2028. See also following version of this section, effective 7-1-2028. Sec. 18. A civil taxing unit may pledge its certified shares to the payment of bonds or to lease payments for: (1) any purpose of the civil taxing unit; (2) any purpose of another governmental entity located in any part in the county, including a governmental entity organized on a regional basis; or
(3) any purpose for which certified shares may be used under IC 6-3.6-10. The pledge must be approved in an ordinance adopted by the fiscal body of the political subdivision. As added by P.L.243-2015, SEC.10.