Indiana § 5-1.2-4-6 Power to borrow money and issue bonds

Indiana Statutes

§ 5-1.2-4-6 — Power to borrow money and issue bonds

Indiana § 5-1.2-4-6

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

This text of Indiana § 5-1.2-4-6 (Power to borrow money and issue bonds) 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 § 5-1.2-4-6 (2026).

Text

(a)The authority has the power to borrow money and to issue its bonds from time to time in the principal amounts as the authority determines are necessary to provide sufficient funds to carry out its purposes, powers, and programs, including:

(1)carrying out the purposes, powers, and programs stated in this article;

(2)the payment of interest on bonds of the authority;

(3)the establishment of reserves to secure the bonds; and

(4)all other expenditures of the authority incident to, necessary, and convenient to carry out the authority's purposes, powers, and programs.

(b)The authority may also issue bonds in the manner and for the purposes provided by the referenced statutes.

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(a) The authority has the power to borrow
money and to issue its bonds from time to time in the principal amounts
as the authority determines are necessary to provide sufficient funds to
carry out its purposes, powers, and programs, including:
(1) carrying out the purposes, powers, and programs stated in this
article;
(2) the payment of interest on bonds of the authority;
(3) the establishment of reserves to secure the bonds; and
(4) all other expenditures of the authority incident to, necessary,
and convenient to carry out the authority's purposes, powers, and
programs.
(b) The authority may also issue bonds in the manner and for the
purposes provided by the referenced statutes.