Indiana Statutes
§ 36-9-41-4 — Terms of the note
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 41 Financing of Public Work Projects by Political
A political subdivision borrowing money under
section 3 of this chapter shall execute and deliver to the financial
institution the negotiable note of the political subdivision for the sum
borrowed. The note must bear interest, with both principal and interest
payable in equal or approximately equal installments over a period not
exceeding ten (10) years.
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Indiana § 36-9-41-4 (Terms of the note) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.81-2004, SEC.47. Amended by
P.L.182-2009(ss), SEC.453; P.L.164-2019, SEC.9.
Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
Repealed