§ 5-1.2-7-9 — Bonds; additional security authorized

Indiana § 5-1.2-7-9

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 7: Health Facility Financing

Text

Bonds of the authority issued to finance or
refinance a health facility or health facility property may also be
secured by and payable from:
(1) a pooling of leases whereby the authority may assign its rights,
as lessor, and pledge rents under two (2) or more leases of health
facility property with two (2) or more participating providers, as
lessees; or
(2) a pooling of notes and mortgages or other security instruments
whereby the authority may assign its rights as payee or secured
party and pledge the revenues under two (2) or more notes and
loan agreements from two (2) or more participating providers;
upon the terms as may be provided for in bond resolutions or other
instruments under which the bonds are issued.

Legislative History

As added by P.L.189-2018, SEC.25.