Indiana § 36-7-14.5-13 Refunding bonds; fiscal body approval

Indiana Statutes

§ 36-7-14.5-13 — Refunding bonds; fiscal body approval

Indiana § 36-7-14.5-13

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 14.5Redevelopment Authority

This text of Indiana § 36-7-14.5-13 (Refunding bonds; fiscal body approval) 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 § 36-7-14.5-13 (2026).

Text

(a)Bonds issued under IC 36-7-14 may be refunded as provided in this section.

(b)Subject to the prior approval of the fiscal body of the unit under IC 36-7-14-25.2, the commission may:

(1)lease all or a portion of a local public improvement or improvements to the authority, which may be at a nominal lease rental with a lease back to the commission, conditioned upon the authority assuming bonds issued under IC 36-7-14 and issuing its bonds to refund those bonds; and

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

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Bonds issued under IC 36-7-14 may be
refunded as provided in this section.
(b) Subject to the prior approval of the fiscal body of the unit under
IC 36-7-14-25.2, the commission may:
(1) lease all or a portion of a local public improvement or
improvements to the authority, which may be at a nominal lease
rental with a lease back to the commission, conditioned upon the
authority assuming bonds issued under IC 36-7-14 and issuing its
bonds to refund those bonds; and
(2) sell all or a portion of a local public improvement or
improvements to the authority for a price sufficient to provide for
the refunding of those bonds and lease back the local public
improvement or improvements from the authority.