Indiana § 8-10-4-2 Revenue bonds; application of bidding and public works statutes;
governor approval required

Indiana Statutes

§ 8-10-4-2 — Revenue bonds; application of bidding and public works statutes; governor approval required

Indiana·Art. 10 PORTS·Ch. 4 Ports of Indiana─Jurisdiction and Bonding Powers

(a)In addition to the powers conferred upon the ports of Indiana by other provisions of this article, and subject to subsection (b), the ports of Indiana, in connection with any self-liquidating or nonrecourse project, shall have the following powers notwithstanding any other provision of this article to the contrary:

(1)The revenue bonds issued by the ports of Indiana to finance the cost of such self-liquidating or nonrecourse project may be issued without regard to any maximum interest rate limitation in this article or any other law.

(2)The revenue bonds issued by the ports of Indiana to finance the cost of such self-liquidating or nonrecourse project may be sold in such manner, either at public or private sale, as the ports of Indiana may determine, and the provisions of IC 21-32-3

Free access — add to your briefcase to read the full text and ask questions with AI

(a) In addition to the powers conferred upon the
ports of Indiana by other provisions of this article, and subject to
subsection (b), the ports of Indiana, in connection with any
self-liquidating or nonrecourse project, shall have the following powers
notwithstanding any other provision of this article to the contrary:
(1) The revenue bonds issued by the ports of Indiana to finance
the cost of such self-liquidating or nonrecourse project may be
issued without regard to any maximum interest rate limitation in
this article or any other law.
(2) The revenue bonds issued by the ports of Indiana to finance
the cost of such self-liquidating or nonrecourse project may be
sold in such manner, either at public or private sale, as the ports
of Indiana may determine, and the provisions of IC 21-32-3 shall
not be applicable to such sale.
(3) IC 4-13.6, IC 5-16-1, IC 5-16-2, IC 5-16-3, IC 5-16-5, IC 5-16-5.5, IC 5-16-6, IC 5-16-6.5, IC 5-16-8, IC 5-16-9, IC 5-16-10, IC 5-16-11, IC 5-16-11.1, IC 8-10-1-7(12), IC 8-10-1-29,
and IC 36-1-12 do not apply to a self-liquidating or nonrecourse
project.
(b) The issuance of revenue bonds by the ports of Indiana under this
chapter is subject to the approval of the governor.
Formerly: Acts 1969, c.292, s.2. As amended by P.L.66-1984,
SEC.19; P.L.224-2003, SEC.227 and P.L.271-2003, SEC.27;
P.L.235-2005, SEC.112; P.L.232-2005, SEC.9; P.L.1-2006, SEC.154;
P.L.2-2007, SEC.136; P.L.98-2008, SEC.46.

Indiana § 8-10-4-2 (Revenue bonds; application of bidding and public works statutes; governor approval required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.