Indiana Statutes
§ 5-1.2-8-15 — Income from investments or reserves or sinking funds; allocation and use
Indiana § 5-1.2-8-15
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 1.2INDIANA FINANCE AUTHORITY
Ch. 8Educational Facility Financing
This text of Indiana § 5-1.2-8-15 (Income from investments or reserves or sinking funds; allocation and use) 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 § 5-1.2-8-15 (2026).
Text
Any income received from the investment of
reserves or sinking funds must be applied in reduction of the rentals or
other amounts paid by the nonprofit college or university or nonprofit
colleges or universities for whose educational facility project or
educational facility projects the reserves or sinking funds were created.
Funds held as reserves or sinking funds when invested must be
allocated to a specific educational facility project or educational facility
projects of the institution for which the fund was created, and the
income from the investment must be used to reduce the bonded
indebtedness attributable to the educational facility project or
educational facility projects.
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Legislative History
As added by P.L.189-2018, SEC.25.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-1.2-8-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-1.2-8-15.