Indiana § 5-1.2-4-27 Payment of expenses and power to incur indebtedness; limitations;
authority budget

Indiana Statutes

§ 5-1.2-4-27 — Payment of expenses and power to incur indebtedness; limitations; authority budget

Indiana § 5-1.2-4-27

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

This text of Indiana § 5-1.2-4-27 (Payment of expenses and power to incur indebtedness; limitations; authority budget) 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 § 5-1.2-4-27 (2026).

Text

(a)All expenses incurred by the authority in carrying out the referenced statutes are payable solely from funds provided under the referenced statutes, except to the extent payable from grants or advances from participating providers or any other entity, which grants or advances may be reimbursed from bond proceeds, and nothing in the referenced statutes shall be construed to authorize the authority to incur indebtedness or liability of the state or any political subdivision.

(b)The authority shall annually prepare a budget that allocates the expenses incurred by the authority in an equitable manner among the programs administered by the authority.

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(a) All expenses incurred by the authority in
carrying out the referenced statutes are payable solely from funds
provided under the referenced statutes, except to the extent payable
from grants or advances from participating providers or any other
entity, which grants or advances may be reimbursed from bond
proceeds, and nothing in the referenced statutes shall be construed to
authorize the authority to incur indebtedness or liability of the state or
any political subdivision.
(b) The authority shall annually prepare a budget that allocates the
expenses incurred by the authority in an equitable manner among the
programs administered by the authority.