§ 5-1.2-4-24 — Application of state laws

Indiana § 5-1.2-4-24

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 4: General Powers and Duties

Text

(a) The issuance of bonds and the adoption
of rules under the referenced statutes need not comply with the
requirements of any other state laws applicable to the issuance of the
bonds or adoption of these rules. No proceedings, notice, or approval
is required for the issuance of any bonds or any instrument or the
security for the bonds or instrument, except as provided in the
referenced statutes.
(b) All:
(1) economic development projects for which funds are advanced,
loaned, or otherwise provided by the authority under IC 5-1.2-9;
and
(2) eligible projects for which funds are loaned by the authority
under IC 5-1.2-15.5;
must be in compliance with any land use, zoning, subdivision, and
other laws of this state applicable to the land upon which the economic
development project or eligible project is located or is to be
constructed, but a failure to comply with these laws does not invalidate
any bonds issued to finance an economic development project under IC 5-1.2-9 or an eligible project under IC 5-1.2-15.5.

Legislative History

As added by P.L.189-2018, SEC.25. Amended by P.L.204-2023, SEC.4.