Indiana § 13-21-7-8 Proceeds from sale of bonds; use of funds

Indiana Statutes

§ 13-21-7-8 — Proceeds from sale of bonds; use of funds

Indiana·Art. 21 SOLID WASTE MANAGEMENT DISTRICTS·Ch. 7 Financing: Waste Management District Bonds

All proceeds from the sale of waste
management district bonds shall be kept as a separate and specific fund
to pay the cost of the facility, and none of the proceeds may be used for
any other purpose, except as provided in IC 5-1-13 and IC 5-1-14.
However, money derived from sources other than the waste
management district bond proceeds, such as state or federal grants or
other contributions, are not restricted as to application even if the
contribution arises for a project financed from waste management
district bond proceeds.
[Pre-1996 Recodification Citation: 13-9.5-9-3(g).]

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All proceeds from the sale of waste
management district bonds shall be kept as a separate and specific fund
to pay the cost of the facility, and none of the proceeds may be used for
any other purpose, except as provided in IC 5-1-13 and IC 5-1-14.
However, money derived from sources other than the waste
management district bond proceeds, such as state or federal grants or
other contributions, are not restricted as to application even if the
contribution arises for a project financed from waste management
district bond proceeds.
[Pre-1996 Recodification Citation: 13-9.5-9-3(g).]

Indiana § 13-21-7-8 (Proceeds from sale of bonds; use of funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.