Indiana § 5-1.3-6-6 Sale

Indiana Statutes

§ 5-1.3-6-6 — Sale

Indiana § 5-1.3-6-6

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.3LEASE FINANCING FOR RAIL PROJECTS FOR

Ch. 6Bonds and Notes

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

Text

The bonds or notes may be sold by the IFA or
the NWIRDA at a public or a negotiated sale at a time or times
determined by the IFA or the NWIRDA and at a premium or discount
as determined by the IFA or NWIRDA. In determining the amount of
bonds or notes to be issued and sold, the IFA or the NWIRDA may
include the costs of construction or of refunding bonds or notes,
including reasonable debt service reserves, and all other expenses
necessary or incident to the construction of the rail project, a refunding,
or the issuance of the bonds or notes.

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The bonds or notes may be sold by the IFA or
the NWIRDA at a public or a negotiated sale at a time or times
determined by the IFA or the NWIRDA and at a premium or discount
as determined by the IFA or NWIRDA. In determining the amount of
bonds or notes to be issued and sold, the IFA or the NWIRDA may
include the costs of construction or of refunding bonds or notes,
including reasonable debt service reserves, and all other expenses
necessary or incident to the construction of the rail project, a refunding,
or the issuance of the bonds or notes.