§ 5-1-5-13 — Sale of bonds

Indiana § 5-1-5-13

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1: BONDS AND OTHER OBLIGATIONS
• Ch. 5: Refunding Bonds Generally

Text

Refunding bonds issued under the provisions
of this chapter may be sold in such manner and upon such terms and
conditions as the issuer of such refunding bonds shall deem to be in the
best interests of the issuing body, notwithstanding the provisions of IC 21-32-3, nor the provisions of IC 5-1-11, nor the provisions of any
other law to the contrary. However, if such refunding bonds are sold to
any person, limited liability company, firm, or corporation that has
been rendering financial advisory services to the issuing body in
connection with the proceedings and necessary fiscal arrangements
related to such refunding bonds, then and in that event the issuing body
shall not pay to such purchaser of the refunding bonds any fee or
compensation for services rendered or as reimbursement for expenses
incurred in connection therewith.
Formerly: Acts 1973, P.L.28, SEC.1. As amended by Acts 1981,
P.L.11, SEC.15; P.L.8-1993, SEC.45; P.L.2-2007, SEC.67.