Indiana § 14-33-7-14 Note issuance

Indiana Statutes

§ 14-33-7-14 — Note issuance

Indiana·Art. 33 CONSERVANCY DISTRICTS·Ch. 7 Payment of Expenses

(a)In anticipation of the money to be received from any source, a board may borrow money by issuing notes. The notes:

(1)must mature in not more than two (2) years; and

(2)may be renewed for periods of not more than two (2) years.

(b)The borrowing may be by direct negotiation with any of the following:

(1)A bank or savings association licensed to do business in Indiana.

(2)An agent of the state or federal government. [Pre-1995 Recodification Citation: 13-3-3-70.]

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(a) In anticipation of the money to be
received from any source, a board may borrow money by issuing notes.
The notes:
(1) must mature in not more than two (2) years; and
(2) may be renewed for periods of not more than two (2) years.
(b) The borrowing may be by direct negotiation with any of the
following:
(1) A bank or savings association licensed to do business in
Indiana.
(2) An agent of the state or federal government.
[Pre-1995 Recodification Citation: 13-3-3-70.]

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