Indiana § 5-1.3-6-2 Requirements

Indiana Statutes

§ 5-1.3-6-2 — Requirements

Indiana § 5-1.3-6-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.3LEASE FINANCING FOR RAIL PROJECTS FOR

Ch. 6Bonds and Notes

This text of Indiana § 5-1.3-6-2 (Requirements) 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 § 5-1.3-6-2 (2026).

Text

(a)Before the issuance of bonds or notes, the IFA must:

(1)receive the approval of the budget agency; and

(2)receive budget committee review of a financial plan if the bonds or notes are payable from lease rental payments to be made from:

(A)state appropriations; or

(B)money on deposit in the next generation trust fund established under IC 8-14-15.2.

(b)Before the issuance of bonds or notes, the IFA or the NWIRDA shall identify the rail project or rail projects to be financed from the proceeds of the bonds or notes.

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(a) Before the issuance of bonds or notes, the
IFA must:
(1) receive the approval of the budget agency; and
(2) receive budget committee review of a financial plan if the
bonds or notes are payable from lease rental payments to be made
from:
(A) state appropriations; or
(B) money on deposit in the next generation trust fund
established under IC 8-14-15.2.
(b) Before the issuance of bonds or notes, the IFA or the NWIRDA
shall identify the rail project or rail projects to be financed from the
proceeds of the bonds or notes.