Indiana § 36-7-13-16 Issuance of bonds or other obligations

Indiana Statutes

§ 36-7-13-16 — Issuance of bonds or other obligations

Indiana § 36-7-13-16

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 13Industrial Development

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Bluebook

Ind. Code § 36-7-13-16 (2026).

Text

(a)A unit may issue bonds or other obligations to finance the costs of addressing the development obstacles described in section 12(b)(3), 12(c), 12(d)(3), 12(e)(2), or 12.1(a) of this chapter in the district.

(b)The district bonds are special obligations of indebtedness of the district. The district bonds issued under this section, and interest on the district bonds, are payable solely out of amounts deposited in the industrial development fund under this chapter.

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(a) A unit may issue bonds or other
obligations to finance the costs of addressing the development
obstacles described in section 12(b)(3), 12(c), 12(d)(3), 12(e)(2), or
12.1(a) of this chapter in the district.
(b) The district bonds are special obligations of indebtedness of the
district. The district bonds issued under this section, and interest on the
district bonds, are payable solely out of amounts deposited in the
industrial development fund under this chapter.