§ 14-13-2-26 — Revenue bonds; refunding bonds

Indiana § 14-13-2-26

• Jurisdiction: Indiana
• Art. 13: LOCAL RESOURCE DEVELOPMENT
• Ch. 2: Little Calumet River Basin Development Commission

Text

(a) The commission may issue refunding
bonds in the commission's name for the following purposes:
(1) Refunding any bonds then outstanding and issued under this
chapter or under IC 14-6-29.5 (before its repeal), including
payment of redemption premium and interest accrued or to accrue
to the date of redemption of the outstanding bonds.
(2) If considered advisable by the commission, constructing
improvements, extensions, or enlargements of a facility, a
betterment, or an improvement in connection with which the
bonds to be refunded have been issued.
(b) The issuance of the refunding bonds, the maturity dates and
other details, and all rights, duties, and obligations of the holders of the
refunding bonds and of the commission with respect to the refunding
bonds are subject to this chapter.
[Pre-1995 Recodification Citation: 14-6-29.5-9(i).]

Legislative History

As added by P.L.1-1995, SEC.6.