Indiana § 36-7-27-14 Bonds; issuance; purposes

Indiana Statutes

§ 36-7-27-14 — Bonds; issuance; purposes

Indiana § 36-7-27-14

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 27Economic Development Tax Area

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Bluebook

Ind. Code § 36-7-27-14 (2026).

Text

The commission may issue bonds payable
in whole or in part from money distributed from the fund to the
commission to finance local public improvements under IC 36-7-15.1-17 or make lease rental payments in whole or in part from
money distributed from the fund to the commission for a local public
improvement under IC 36-7-15.1-17.1 and IC 36-7-15.1-17.2,
including debt service payments on or lease rental payments for local
public improvements under bonds issued or a lease entered into before
January 1, 1992. Local public improvements to be financed by the
commission may be in or serving the tax area.

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The commission may issue bonds payable
in whole or in part from money distributed from the fund to the
commission to finance local public improvements under IC 36-7-15.1-17 or make lease rental payments in whole or in part from
money distributed from the fund to the commission for a local public
improvement under IC 36-7-15.1-17.1 and IC 36-7-15.1-17.2,
including debt service payments on or lease rental payments for local
public improvements under bonds issued or a lease entered into before
January 1, 1992. Local public improvements to be financed by the
commission may be in or serving the tax area.