Indiana Statutes
§ 8-14.5-6-3 — Weighted average useful life of project; term of bonds and interest
Indiana § 8-14.5-6-3
This text of Indiana § 8-14.5-6-3 (Weighted average useful life of project; term of bonds and interest) 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 § 8-14.5-6-3 (2026).
Text
(a)The construction of a project may not be
financed under this article if at the time the lease with respect to the
project is initially entered into the weighted average useful life of the
project is less than five (5) years.
(b)For purposes of this section and section 5 of this chapter, a
certificate of the department as to the weighted average useful life of
the project is conclusive with respect to the matters contained in the
certificate.
(c)If any bonds or notes bear interest at a variable or adjustable rate,
lease rentals under any lease or leases attributable to debt service shall
be fixed over the term of the lease or leases based on the fair and
reasonable value of the project or projects leased.
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Legislative History
As added by P.L.68-1988, SEC.12.
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Repealed§ 8-1-1-13
Repealed§ 8-1-1-14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Repealed§ 8-1-1-4.1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 § 8-14.5-6-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-14.5-6-3.