Indiana Statutes
§ 8-1.5-5-10 — Bond and interest redemption account; surplus
Indiana § 8-1.5-5-10
This text of Indiana § 8-1.5-5-10 (Bond and interest redemption account; surplus) 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 § 8-1.5-5-10 (2026).
Text
(a)The revenues set aside for the payment of
the principal and interest of the authorized bonds shall be deposited
and credited to a special account identified as "the bond and interest
redemption account".
(b)In determining the amount that is to be set aside for the payment
of the principal and interest of the authorized bonds, the board may
provide that the amount to be set aside and paid into the bond and
interest redemption account for any year or years should not exceed a
fixed sum, which must be at least sufficient to provide for the payment
of the interest and principal of the bonds maturing and becoming
payable in each year.
(c)If a surplus is created in the bond and interest redemption
account, the board may transfer any excess over the surplus to:
(1)the operation and mainten
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Legislative History
As added by P.L.125-1987, SEC.1.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-1.5-5-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-1.5-5-10.