Indiana § 8-14.5-6-20 Authority purchase of its own bonds or notes

Indiana Statutes

§ 8-14.5-6-20 — Authority purchase of its own bonds or notes

Indiana § 8-14.5-6-20

Art. 14.5LEASE FINANCING FOR TRANSPORTATION

Ch. 6Issuance of Bonds and Notes

This text of Indiana § 8-14.5-6-20 (Authority purchase of its own bonds or notes) 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 § 8-14.5-6-20 (2026).

Text

The authority may purchase bonds or notes
of the authority out of its funds or money available for the purchase of
its own bonds or notes. The authority may hold, cancel, or resell the
bonds or notes subject to, and in accordance with, agreements with
owners of its bonds or notes. Unless cancelled, bonds or notes so held
shall be considered to be held for resale or transfer and the obligation
evidenced by the bonds or notes shall not be considered to be
extinguished.

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The authority may purchase bonds or notes
of the authority out of its funds or money available for the purchase of
its own bonds or notes. The authority may hold, cancel, or resell the
bonds or notes subject to, and in accordance with, agreements with
owners of its bonds or notes. Unless cancelled, bonds or notes so held
shall be considered to be held for resale or transfer and the obligation
evidenced by the bonds or notes shall not be considered to be
extinguished.