§ 5-1.2-12-12 — Authorization to issue, guarantee, and sell obligations

Indiana § 5-1.2-12-12

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 12: Indiana Brownfields Program

Text

(a) Notwithstanding any other law and in
addition to any other law, including this article, the authority may issue,
guarantee, and sell its revenue bonds, notes, and other obligations and
guarantee loans and other financial assistance in connection with the
Indiana brownfields program and the Indiana brownfields fund. The
revenue bonds, notes, and other obligations must be issued in
accordance with a resolution of the authority on terms or within
parameters established by the authority, and proceeds must be used to
carry out one (1) or more of the purposes of this chapter.
(b) Compliance with this section constitutes full authority for the
authority to issue and guarantee its revenue bonds, notes, and other
obligations, to guarantee loans and other financial assistance, and to
sell the revenue bonds, notes, and other obligations at public or private
negotiated sale on terms or within parameters established by the
authority. The authority is not required to comply with any other law
applicable to the authorization, approval, issuance, guarantee, and sale
of its revenue bonds, notes, and other obligations and guarantee loans
and other financial assistance. The revenue bonds, notes, and other
obligations, including guarantees, issued by the authority in connection
with the Indiana brownfields program and the Indiana brownfields fund
are valid and binding obligations of the authority and are enforceable
in accordance with their terms and payable solely from the sources
specified in the resolution authorizing their issuance, guarantee, and
sale. The authority's revenue bonds, notes, and other obligations,
including guarantees, do not create a liability or debt of the state.

Legislative History

As added by P.L.189-2018, SEC.25.