Indiana § 5-1.3-6-7 Proceeds; appropriation

Indiana Statutes

§ 5-1.3-6-7 — Proceeds; appropriation

Indiana § 5-1.3-6-7

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.3LEASE FINANCING FOR RAIL PROJECTS FOR

Ch. 6Bonds and Notes

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Bluebook

Ind. Code § 5-1.3-6-7 (2026).

Text

The proceeds of the bonds or notes are
appropriated for the purpose for which the bonds or notes may be
issued and the proceeds shall be deposited and disbursed in accordance
with any provisions and restrictions that the IFA or the NWIRDA may
provide in the resolution or trust agreement authorizing the issuance of
the bonds or notes. The maturities of the bonds or notes, the rights of
the owners, and the rights, duties, and obligations of the IFA and the
NWIRDA, as applicable, are governed in all respects by this article and
the resolution or trust agreement.

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The proceeds of the bonds or notes are
appropriated for the purpose for which the bonds or notes may be
issued and the proceeds shall be deposited and disbursed in accordance
with any provisions and restrictions that the IFA or the NWIRDA may
provide in the resolution or trust agreement authorizing the issuance of
the bonds or notes. The maturities of the bonds or notes, the rights of
the owners, and the rights, duties, and obligations of the IFA and the
NWIRDA, as applicable, are governed in all respects by this article and
the resolution or trust agreement.