§ 5-1.3-1-0.5 — Obligations legalized and validated

Indiana § 5-1.3-1-0.5

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.3: LEASE FINANCING FOR RAIL PROJECTS FOR
• Ch. 1: Legislative Findings of Fact

Text

5. (a) All bonds, notes, evidences of
indebtedness, leases, or other written obligations issued or executed
under this article by or in the name of the:
(1) IFA;
(2) NWIRDA; and
(3) NICTD;
before April 30, 2019, are hereby legalized and declared valid.
(b) Any pledge, dedication or designation of revenues, conveyance,
or mortgage securing the bonds, notes, evidences of indebtedness,
leases, or other written obligations issued or executed under this article
by or in the name of the:
(1) IFA;
(2) NWIRDA; and
(3) NICTD;
before April 30, 2019, are hereby legalized and declared valid.
(c) Any resolutions adopted, proceedings had, and actions taken
under this article by the:
(1) IFA;
(2) NWIRDA; and
(3) NICTD;
before April 30, 2019, under which the bonds, notes, evidences of
indebtedness, leases, or other written obligations were or will be issued
or under which the pledge, dedication or designation of revenues,
conveyance, or mortgage was or will be granted are hereby legalized
and declared valid.

Legislative History

As added by P.L.259-2019, SEC.2.