§ 36-7-14.5-20 — Authority for issuance of bonds; legal investment status of bonds

Indiana § 36-7-14.5-20

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 14.5: Redevelopment Authority

Text

(a) This chapter contains full and complete
authority for the issuance of bonds. No law, procedure, proceedings,
publications, notices, consents, approvals, orders, or acts by the board
of any other officer, department, agency, or instrumentality of the state
or of any political subdivision is required to issue any bonds, except as
prescribed in this chapter.
(b) Bonds issued under this chapter are legal investments for private
trust funds and the funds of banks, trust companies, insurance
companies, building and loan associations, credit unions, banks of
discount and deposit, savings banks, loan and trust and safe deposit
companies, rural loan and savings associations, guaranty loan and
savings associations, mortgage guaranty companies, small loan
companies, industrial loan and investment companies, and other
financial institutions organized under Indiana law.

Legislative History

As added by P.L.380-1987(ss), SEC.18. Amended by P.L.42-1993, SEC.97.