Indiana § 8-14.5-6-1 Bond and note authorization

Indiana Statutes

§ 8-14.5-6-1 — Bond and note authorization

Indiana § 8-14.5-6-1

Art. 14.5LEASE FINANCING FOR TRANSPORTATION

Ch. 6Issuance of Bonds and Notes

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Bluebook

Ind. Code § 8-14.5-6-1 (2026).

Text

Except as provided in sections 2 and 5 of this
chapter, the authority may, by resolution, after budget committee
review, issue and sell bonds or notes of the authority for the purpose of
providing funds to carry out the provisions of this article with respect
to the construction of a project or projects or the refunding of any
bonds or notes, together with any reasonable costs associated with a
refunding. The amount of the bonds or notes issued for a railroad
crossing upgrade project described in IC 8-14.5-8 may not cause the
annual payments on all the bonds and notes for this purpose to exceed
ten million dollars ($10,000,000).

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Except as provided in sections 2 and 5 of this
chapter, the authority may, by resolution, after budget committee
review, issue and sell bonds or notes of the authority for the purpose of
providing funds to carry out the provisions of this article with respect
to the construction of a project or projects or the refunding of any
bonds or notes, together with any reasonable costs associated with a
refunding. The amount of the bonds or notes issued for a railroad
crossing upgrade project described in IC 8-14.5-8 may not cause the
annual payments on all the bonds and notes for this purpose to exceed
ten million dollars ($10,000,000).