Indiana § 5-20-1-20 Authority to accept and expend funds

Indiana Statutes

§ 5-20-1-20 — Authority to accept and expend funds

Indiana § 5-20-1-20

Title 5STATE AND LOCAL ADMINISTRATION

Art. 20HOUSING

Ch. 1Indiana Housing and Community Development Authority

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Bluebook

Ind. Code § 5-20-1-20 (2026).

Text

Authority to Accept and Expend Funds. The
authority is authorized to accept and expend such moneys as may be
received from any source, including income from the authority's
operations, for effectuating its corporate purposes including, without
limitation, the payment of the initial expenses of administration and
operation, and the establishment of a reserve or contingency fund to be
available for the payment of the principal of and the interest on any
bonds or notes of the authority.
As added by Acts 1978, P.L.28, SEC.1.

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Authority to Accept and Expend Funds. The
authority is authorized to accept and expend such moneys as may be
received from any source, including income from the authority's
operations, for effectuating its corporate purposes including, without
limitation, the payment of the initial expenses of administration and
operation, and the establishment of a reserve or contingency fund to be
available for the payment of the principal of and the interest on any
bonds or notes of the authority.
As added by Acts 1978, P.L.28, SEC.1.