Indiana § 5-1.2-4-20 Money for the payment of bonds; contracts; security

Indiana Statutes

§ 5-1.2-4-20 — Money for the payment of bonds; contracts; security

Indiana § 5-1.2-4-20

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

This text of Indiana § 5-1.2-4-20 (Money for the payment of bonds; contracts; security) 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 § 5-1.2-4-20 (2026).

Text

Notwithstanding section 19 of this chapter,
the authority has the power to contract with the holders of any of its
bonds as to the custody, collection, securing, investment, and payment
of any money of the authority and of any money held in trust or
otherwise for the payment of bonds, and to carry out the contract.
Money held in trust or otherwise for the payment of bonds or in any
way to secure bonds and deposits of money may be secured in the same
manner as money of the authority, and all banks and trust companies
are authorized to give security for the deposits.

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding section 19 of this chapter,
the authority has the power to contract with the holders of any of its
bonds as to the custody, collection, securing, investment, and payment
of any money of the authority and of any money held in trust or
otherwise for the payment of bonds, and to carry out the contract.
Money held in trust or otherwise for the payment of bonds or in any
way to secure bonds and deposits of money may be secured in the same
manner as money of the authority, and all banks and trust companies
are authorized to give security for the deposits.