Indiana § 8-1-40.5-7 "Securitization bonds"

Indiana Statutes

§ 8-1-40.5-7 — "Securitization bonds"

Indiana § 8-1-40.5-7

Art. 1UTILITIES GENERALLY

Ch. 40.5Pilot Program for Cost Securitization for Retired

This text of Indiana § 8-1-40.5-7 ("Securitization bonds") 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 § 8-1-40.5-7 (2026).

Text

(a)As used in this chapter, "securitization bonds" means bonds, debentures, notes, certificates of participation, certificates of a beneficial interest, certificates of ownership, or other evidences of indebtedness that:

(1)are issued by an electric utility, its successors, or an assignee under a financing order;

(2)have a term of not more than twenty (20) years; and

(3)are secured by, or payable from, securitization property.

(b)If certificates of participation, certificates of a beneficial interest, or certificates of ownership are issued under this chapter, a reference in this chapter to "principal", "interest", or "premium" refers to comparable terms with respect to those certificates.

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(a) As used in this chapter, "securitization
bonds" means bonds, debentures, notes, certificates of participation,
certificates of a beneficial interest, certificates of ownership, or other
evidences of indebtedness that:
(1) are issued by an electric utility, its successors, or an assignee
under a financing order;
(2) have a term of not more than twenty (20) years; and
(3) are secured by, or payable from, securitization property.
(b) If certificates of participation, certificates of a beneficial interest,
or certificates of ownership are issued under this chapter, a reference
in this chapter to "principal", "interest", or "premium" refers to
comparable terms with respect to those certificates.