§ 36-7.5-4-19 — Obligations legalized and validated

Indiana § 36-7.5-4-19

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7.5: NORTHWEST INDIANA REGIONAL
• Ch. 4: Financing; Issuance of Bonds; Leases

Text

(a) All bonds, notes, evidences of
indebtedness, leases, or other written obligations issued or executed by
or in the name of the development authority under this chapter before
April 30, 2019, are hereby legalized and declared valid.
(b) Any pledge, dedication or designation of revenues securing the
bonds, notes, evidences of indebtedness, leases, or other written
obligations issued or executed by or in the name of the development
authority under this chapter before April 30, 2019, are hereby legalized
and declared valid.
(c) The:
(1) financing plan for the West Lake project (as described in IC 36-7.5-1-13.5) submitted to the United States Department of
Transportation and the Federal Transit Administration; and
(2) governance agreement between the development authority, the
Indiana finance authority, and a commuter transportation district
are hereby legalized and declared valid.
(d) Any resolutions adopted, proceedings had, and actions taken
under this chapter by the development authority before April 30, 2019,
under which the bonds, notes, evidences of indebtedness, leases, or
other written obligations were or will be issued or under which the
pledge or dedication or designation of revenues was or will be granted,
are hereby legalized and declared valid.

Legislative History

As added by P.L.259-2019, SEC.15.