Indiana § 5-1.2-4-7 Bonds; liability of authority; pledges as additional security

Indiana Statutes

§ 5-1.2-4-7 — Bonds; liability of authority; pledges as additional security

Indiana § 5-1.2-4-7

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

This text of Indiana § 5-1.2-4-7 (Bonds; liability of authority; pledges as additional 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 § 5-1.2-4-7 (2026).

Text

Except as may otherwise be expressly provided
by the authority, every issue of its bonds shall be obligations of the
authority payable solely out of any specified revenue or money of the
authority, subject only to any agreements with the holders of particular
bonds pledging any particular money or revenue. The bonds may be
additionally secured by a pledge of any grant, contribution, or
guarantee from the federal government or any corporation, limited
liability company, association, institution, or person or a pledge of any
money, income, or revenue of the authority from any source.

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Except as may otherwise be expressly provided
by the authority, every issue of its bonds shall be obligations of the
authority payable solely out of any specified revenue or money of the
authority, subject only to any agreements with the holders of particular
bonds pledging any particular money or revenue. The bonds may be
additionally secured by a pledge of any grant, contribution, or
guarantee from the federal government or any corporation, limited
liability company, association, institution, or person or a pledge of any
money, income, or revenue of the authority from any source.