Indiana § 16-22-6-30 Application of bond proceeds

Indiana Statutes

§ 16-22-6-30 — Application of bond proceeds

Indiana § 16-22-6-30

Title 16HEALTH

Art. 22COUNTY HOSPITALS

Ch. 6County Hospital Building Authorities

This text of Indiana § 16-22-6-30 (Application of bond proceeds) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 16-22-6-30 (2026).

Text

The proceeds of bonds issued under this
chapter, after reimbursement to the county for preliminary expenses as
provided in section 11 of this chapter, shall be applied to the payment
of the costs of acquisition, construction, or renovation of the building
for which the bonds are issued, including incidental expenses and
interest before acquisition or during construction or renovation. Until
the proceeds are applied as required in this section, the proceeds are
subject to a lien in favor of the bondholders or trustees.
[Pre-1993 Recodification Citation: 16-12-20-18.]

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The proceeds of bonds issued under this
chapter, after reimbursement to the county for preliminary expenses as
provided in section 11 of this chapter, shall be applied to the payment
of the costs of acquisition, construction, or renovation of the building
for which the bonds are issued, including incidental expenses and
interest before acquisition or during construction or renovation. Until
the proceeds are applied as required in this section, the proceeds are
subject to a lien in favor of the bondholders or trustees.
[Pre-1993 Recodification Citation: 16-12-20-18.]