Indiana Statutes

§ 36-9-41-4 — Terms of the note

Indiana § 36-9-41-4
JurisdictionIndiana
Title 36LOCAL GOVERNMENT
Art. 9TRANSPORTATION AND PUBLIC WORKS
Ch. 41Financing of Public Work Projects by Political

This text of Indiana § 36-9-41-4 (Terms of the note) 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 § 36-9-41-4 (2026).

Text

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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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
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Bluebook (online)
Indiana § 36-9-41-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/36-9-41-4.