Indiana § 36-10-9.1-12 Refunding of bonds

Indiana Statutes

§ 36-10-9.1-12 — Refunding of bonds

Indiana § 36-10-9.1-12

Title 36LOCAL GOVERNMENT

Art. 10RECREATION, CULTURE, AND COMMUNITY

Ch. 9.1Marion County Convention and Recreational Facilities

This text of Indiana § 36-10-9.1-12 (Refunding of bonds) 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 § 36-10-9.1-12 (2026).

Text

(a)Bonds issued under IC 36-10-9 or prior law may be refunded as provided in this section.

(b)The capital improvement board may:

(1)lease all or a portion of a capital improvement or improvements to the authority, which may be at a nominal lease rental with a lease back to the capital improvement board, conditioned upon the authority assuming bonds issued under IC 36-10-9 or prior law and issuing its bonds to refund those bonds; and

(2)sell all or a portion of a capital improvement or improvements to the authority for a price sufficient to provide for the refunding of those bonds and lease back the capital improvement or improvements from the authority.

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(a) Bonds issued under IC 36-10-9 or prior
law may be refunded as provided in this section.
(b) The capital improvement board may:
(1) lease all or a portion of a capital improvement or
improvements to the authority, which may be at a nominal lease
rental with a lease back to the capital improvement board,
conditioned upon the authority assuming bonds issued under IC 36-10-9 or prior law and issuing its bonds to refund those bonds;
and
(2) sell all or a portion of a capital improvement or improvements
to the authority for a price sufficient to provide for the refunding
of those bonds and lease back the capital improvement or
improvements from the authority.