Indiana § 36-7.6-4-6 Bond refunding; leases

Indiana Statutes

§ 36-7.6-4-6 — Bond refunding; leases

Indiana § 36-7.6-4-6

Title 36LOCAL GOVERNMENT

Art. 7.6REGIONAL DEVELOPMENT AUTHORITIES

Ch. 4Financing; Issuance of Bonds; Leases

This text of Indiana § 36-7.6-4-6 (Bond refunding; leases) 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 § 36-7.6-4-6 (2026).

Text

(a)Bonds issued under IC 8-5-15, IC 8-22-3, IC 36-9-3, or prior law may be refunded as provided in this section.

(b)An eligible political subdivision may:

(1)lease all or a part of land or a project or projects to a development authority, which may be at a nominal lease rental with a lease back to the eligible political subdivision, conditioned upon the development authority assuming bonds issued under IC 8-5-15, IC 8-22-3, IC 36-9-3, or prior law and issuing its bonds to refund those bonds; and

(2)sell all or a part of land or a project or projects to a development authority for a price sufficient to provide for the refunding of those bonds and lease back the land or project or projects from the development authority.

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(a) Bonds issued under IC 8-5-15, IC 8-22-3,
IC 36-9-3, or prior law may be refunded as provided in this section.
(b) An eligible political subdivision may:
(1) lease all or a part of land or a project or projects to a
development authority, which may be at a nominal lease rental
with a lease back to the eligible political subdivision, conditioned
upon the development authority assuming bonds issued under IC 8-5-15, IC 8-22-3, IC 36-9-3, or prior law and issuing its bonds to
refund those bonds; and
(2) sell all or a part of land or a project or projects to a
development authority for a price sufficient to provide for the
refunding of those bonds and lease back the land or project or
projects from the development authority.