§ 5-1.2-8-17 — Issuance of bonds

Indiana § 5-1.2-8-17

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 8: Educational Facility Financing

Text

The authority may provide for the issuance
of bonds of the authority:
(1) to refund any bonds of the authority then outstanding,
including the payment of any redemption premium on the bonds
and any interest accrued or to accrue to the earlier or any
subsequent date of redemption, purchase, or maturity of the
bonds; and
(2) if determined advisable by the authority, for the additional
purpose of paying all or any part of the cost of constructing and
acquiring additions, improvements, extensions, or enlargements
of a project or any part of an addition, improvement, extension, or
enlargement of an educational facility project. However, no
refunding bonds may be issued unless the authority provides for
the payment of rentals adequate to satisfy the requirements of
section 13 of this chapter.

Legislative History

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