§ 1215 Memorial District Bond Issuance
This law lets the local board sell bonds that voters approved, puts the money into a special fund, and uses it for the projects decided in the election.
A town wants to build a new memorial park. Residents vote to approve a bond to pay for it.
The board issues the bonds, deposits the cash into a special memorial district bond fund, and then spends that money on the park using county auditor warrants, exactly as the law requires.
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§ 1215 Memorial District Bond Issuance
Last verified: January 11, 2026