Indiana § 5-1.2-4-10 Bonds; authorized provisions

Indiana Statutes

§ 5-1.2-4-10 — Bonds; authorized provisions

Indiana § 5-1.2-4-10

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

This text of Indiana § 5-1.2-4-10 (Bonds; authorized provisions) 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 § 5-1.2-4-10 (2026).

Text

Any resolution authorizing the issuance of bonds or trust agreement or indenture pursuant to which the bonds are issued may contain provisions, which shall be a part of the contract or contracts with the holders of the bonds, as to the following:

(1)Pledging all or any part of the revenue of the authority to secure the payment of the bonds, subject to agreements with bondholders as may then exist.

(2)Pledging all or any part of the assets of the authority, including loans and obligations securing the loans and obligations, to secure the payment of the bonds, subject to agreements with bondholders as may then exist.

(3)The use and disposition of the gross income from loans owned by the authority and payment of the principal of loans owned by the authority.

(4)The setting aside of reserv

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Any resolution authorizing the issuance of
bonds or trust agreement or indenture pursuant to which the bonds are
issued may contain provisions, which shall be a part of the contract or
contracts with the holders of the bonds, as to the following:
(1) Pledging all or any part of the revenue of the authority to
secure the payment of the bonds, subject to agreements with
bondholders as may then exist.
(2) Pledging all or any part of the assets of the authority, including
loans and obligations securing the loans and obligations, to secure
the payment of the bonds, subject to agreements with bondholders
as may then exist.
(3) The use and disposition of the gross income from loans owned
by the authority and payment of the principal of loans owned by
the authority.
(4) The setting aside of reserves or sinking funds and the
regulation and disposition of these reserves or sinking funds.
(5) Limitations on the purposes to which or the investments in
which the proceeds from the sale of bonds may be applied and
pledging the proceeds to secure the payment of the bonds.
(6) Limitations on the issuance of additional bonds, the terms
upon which additional bonds may be issued and secured, and the
refunding of outstanding or other bonds.
(7) The procedure, if any, by which the terms of any contract with
bondholders may be amended or abrogated, the amount of bonds
the holders must consent to, and the manner in which the consent
may be given.
(8) Limitations on the amount of money to be expended by the
authority for operating expenses of the authority.
(9) Vesting in a trustee or trustee property, rights, powers, and
trust as the authority may determine, and limiting or abrogating
the right of the bondholders to appoint a trustee or limiting the
rights, powers, and duties of the trustee.
(10) Defining the acts or omissions that constitute a default and
the obligations or duties of the authority to the holders of the
bonds, and providing for the rights and remedies of the holders of
the bonds in the event of a default, including as a matter of right
the appointment of a receiver. However, the rights and remedies
shall not be inconsistent with the general laws of this state and
this article.
(11) The rentals, fees, and other amounts to be charged, and the
amounts to be raised in each year and the use, investment, and
disposition of these amounts.
(12) Any other matter, of like or different character, which in any
way affects the security or protection of the holders of the bonds.