§ 5-1.2-8-22 — Powers of authority; financing

Indiana § 5-1.2-8-22

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

Text

Notwithstanding any other provision of this
chapter, the authority may:
(1) finance the cost of an educational facility or refund
outstanding indebtedness of a nonprofit college or university, as
authorized under section 8 of this chapter; or
(2) finance the establishment of liability or other loss insurance
reserves or the contribution of reserves or other capital to a risk
retention group to provide insurance coverage against liability
claims or other losses;
by issuing the authority's bonds for the purpose of loaning the proceeds
to a nonprofit college or university for the cost of a project or to refund
or refinance outstanding indebtedness or reimburse advances made in
connection with a project in accordance with an agreement between the
authority and the institution and in exchange for the institution's
promissory note or notes.

Legislative History

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