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

Indiana Statutes

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

Indiana·Title 16 HEALTH·Art. 22 COUNTY HOSPITALS·Ch. 6 County Hospital Building Authorities

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.]

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