Indiana § 5-1.2-9-18 Financing agreement; requirement for user or developer to pay costs if
authority retains an interest in the project

Indiana Statutes

§ 5-1.2-9-18 — Financing agreement; requirement for user or developer to pay costs if authority retains an interest in the project

Indiana § 5-1.2-9-18

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 9Economic Development Projects

This text of Indiana § 5-1.2-9-18 (Financing agreement; requirement for user or developer to pay costs if authority retains an interest in the project) 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 § 5-1.2-9-18 (2026).

Text

If the authority retains an interest in the
economic development project, the financing agreement must require
the user or the developer to pay all costs of maintenance, repair, taxes,
assessments, insurance premiums, trustee's fees, and any other
expenses relating to the economic development project, so that the
authority will not incur any expenses on account of the economic
development project other than those that are covered by the payments
provided for in the financing agreement.

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If the authority retains an interest in the
economic development project, the financing agreement must require
the user or the developer to pay all costs of maintenance, repair, taxes,
assessments, insurance premiums, trustee's fees, and any other
expenses relating to the economic development project, so that the
authority will not incur any expenses on account of the economic
development project other than those that are covered by the payments
provided for in the financing agreement.