5-15-28. Bond term expiration.
45 words·~1 min read·
/nm/chapter-5-municipalities-and-counties/article-15-tax-increment-for-development/5-15-28·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The terms of bonds issued pursuant to the Tax Increment for Development Act for a district, including refunding bonds, shall expire not more than twenty-five years after the date that the first bonds are issued for that district.
History: Laws 2006, ch. 75, § 28.