§ 5-1.2-5-14 — Feasibility study; authority may borrow money or issue bonds for project

Indiana § 5-1.2-5-14

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 5: State Facility Financing

Text

Effective 7-1-2027.
Sec. 14. (a) The Indiana economic development
corporation shall conduct a study on the feasibility of constructing,
equipping, purchasing, leasing, renovating, refurbishing, or altering the
Learning and Training Center located in Boone County.
(b) The authority may, after receiving the feasibility study required
in subsection (a), undertake and complete a project for the
construction, equipping, purchasing, leasing, renovation, refurbishing,
or alteration of the Learning and Training Center located in Boone
County, including, subject to subsection (c), the borrowing of money
or the issuance and sale of bonds, or both.
(c) Before borrowing money or issuing bonds, the authority shall
review the feasibility plan and cost estimate for the project and present
the authority's findings to the budget committee.
(d) This section may not be construed to authorize any additional
construction or issuance of additional bonds or other evidence of
indebtedness other than that described in subsection (b).
(e) The authority may enter into a public-private agreement for the
project.

Legislative History

As added by P.L.213-2025, SEC.60.