Indiana § 5-1.2-4-9 Bonds; issuance; procedure; terms

Indiana Statutes

§ 5-1.2-4-9 — Bonds; issuance; procedure; terms

Indiana § 5-1.2-4-9

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

This text of Indiana § 5-1.2-4-9 (Bonds; issuance; procedure; terms) 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 § 5-1.2-4-9 (2026).

Text

The bonds shall be authorized by a resolution
of the authority, shall bear the date or dates, and shall mature at a time
or times as the resolution may provide, except that no bond shall
mature more than fifty (50) years from the date of its issue. The bonds
shall be in denominations, be in the form, either coupon or registered,
carry the conversion or registration privileges, be executed in the
manner, be payable in the medium of payment at the place or places
inside or outside Indiana, and be subject to the terms of redemption,
including redemption prior to maturity, as the resolution or any trust
agreement or indenture of the authority securing the bonds may
provide. The bonds shall bear interest at a rate or rates that may be
fixed, variable, fixed convertible to variable, variable con

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The bonds shall be authorized by a resolution
of the authority, shall bear the date or dates, and shall mature at a time
or times as the resolution may provide, except that no bond shall
mature more than fifty (50) years from the date of its issue. The bonds
shall be in denominations, be in the form, either coupon or registered,
carry the conversion or registration privileges, be executed in the
manner, be payable in the medium of payment at the place or places
inside or outside Indiana, and be subject to the terms of redemption,
including redemption prior to maturity, as the resolution or any trust
agreement or indenture of the authority securing the bonds may
provide. The bonds shall bear interest at a rate or rates that may be
fixed, variable, fixed convertible to variable, variable convertible to
fixed, or any combination of these rates. Variable rates shall be
determined in the manner and in accordance with the provisions set
forth in the resolution or the trust agreement or indenture securing the
bonds. The interest on the bonds may be payable at the time or times
or at the interval or intervals as may be provided in the resolution or the
trust agreement or indenture securing the bonds, including the
compounding and payment of interest at maturity or at any other time
or times as may be specified in the resolution, trust agreement, or
indenture. The bonds and their issuance shall not be subject to the
provisions of any other statute concerning bonds or the issuance of
bonds. Bonds of the authority may be sold by the authority at public or
private sale, and at a price or prices as the authority shall determine. No
action to contest the validity of any bonds issued or guarantees entered
into by the authority under this article shall be commenced more than
thirty (30) days following the adoption of the resolution approving such
bonds or guarantees as provided in section 10 of this chapter.