Indiana § 5-1.3-6-15 Agreements for credit enhancement or liquidity support

Indiana Statutes

§ 5-1.3-6-15 — Agreements for credit enhancement or liquidity support

Indiana § 5-1.3-6-15

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.3LEASE FINANCING FOR RAIL PROJECTS FOR

Ch. 6Bonds and Notes

This text of Indiana § 5-1.3-6-15 (Agreements for credit enhancement or liquidity support) 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 § 5-1.3-6-15 (2026).

Text

The IFA or the NWIRDA may enter into
agreements with an entity to provide credit enhancement or liquidity
support for any bonds or notes issued by the IFA or the NWIRDA, or
for any debt service reserves securing any bonds or notes, with terms
that are reasonable and proper, in the discretion of the IFA or the
NWIRDA, and not in violation of law. The IFA or the NWIRDA may
execute and deliver notes to evidence its obligation to make payments
under such an agreement, but these notes must conform to this article
in all respects.

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The IFA or the NWIRDA may enter into
agreements with an entity to provide credit enhancement or liquidity
support for any bonds or notes issued by the IFA or the NWIRDA, or
for any debt service reserves securing any bonds or notes, with terms
that are reasonable and proper, in the discretion of the IFA or the
NWIRDA, and not in violation of law. The IFA or the NWIRDA may
execute and deliver notes to evidence its obligation to make payments
under such an agreement, but these notes must conform to this article
in all respects.