Indiana § 5-1.5-6.5-1 Capital principal fund and capital interest fund; programs for qualified
entities

Indiana Statutes

§ 5-1.5-6.5-1 — Capital principal fund and capital interest fund; programs for qualified entities

Indiana § 5-1.5-6.5-1

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.5INDIANA BOND BANK

Ch. 6.5Capital Funds

This text of Indiana § 5-1.5-6.5-1 (Capital principal fund and capital interest fund; programs for qualified entities) 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 § 5-1.5-6.5-1 (2026).

Text

(a)The bank shall establish and maintain:

(1)a capital principal fund, to be funded from appropriations made to the fund by the general assembly and any other money that the bank transfers to the fund; and

(2)a capital interest fund, to be funded from investment earnings on the capital principal fund.

(b)The bank may use the funds only for programs for qualified entities issuing securities for any of the following purposes:

(1)Sewage works.

(2)Waterworks.

(3)Parking facilities.

(4)Redevelopment projects financed with allocated property tax proceeds under IC 36-7-14-39 or IC 36-7-15.1-26.

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(a) The bank shall establish and maintain:
(1) a capital principal fund, to be funded from appropriations
made to the fund by the general assembly and any other money
that the bank transfers to the fund; and
(2) a capital interest fund, to be funded from investment earnings
on the capital principal fund.
(b) The bank may use the funds only for programs for qualified
entities issuing securities for any of the following purposes:
(1) Sewage works.
(2) Waterworks.
(3) Parking facilities.
(4) Redevelopment projects financed with allocated property tax
proceeds under IC 36-7-14-39 or IC 36-7-15.1-26.