Indiana § 8-14.5-6-5 Bond and note provisions; weighted average life

Indiana Statutes

§ 8-14.5-6-5 — Bond and note provisions; weighted average life

Indiana § 8-14.5-6-5

Art. 14.5LEASE FINANCING FOR TRANSPORTATION

Ch. 6Issuance of Bonds and Notes

This text of Indiana § 8-14.5-6-5 (Bond and note provisions; weighted average life) 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 § 8-14.5-6-5 (2026).

Text

(a)The bonds or notes must indicate on their face:

(1)the maturity date or dates, as determined under subsection (b);

(2)the interest rate or rates (whether fixed, variable, or a combination of fixed or variable) or the manner in which the interest rate or rates will be determined if variable or adjustable rates are used;

(3)registration privileges and place of payment, including provisions for book entry obligations as set forth in IC 5-1-15;

(4)the conditions and terms under which the bonds or notes may be redeemed or prepaid before maturity; and

(5)their source of payment as set forth in section 10 of this chapter.

(b)The weighted average life of the bonds or notes may not exceed the sum of:

(1)the weighted average useful life of the project or projects to be financed from the p

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(a) The bonds or notes must indicate on their
face:
(1) the maturity date or dates, as determined under subsection (b);
(2) the interest rate or rates (whether fixed, variable, or a
combination of fixed or variable) or the manner in which the
interest rate or rates will be determined if variable or adjustable
rates are used;
(3) registration privileges and place of payment, including
provisions for book entry obligations as set forth in IC 5-1-15;
(4) the conditions and terms under which the bonds or notes may
be redeemed or prepaid before maturity; and
(5) their source of payment as set forth in section 10 of this
chapter.
(b) The weighted average life of the bonds or notes may not exceed
the sum of:
(1) the weighted average useful life of the project or projects to be
financed from the proceeds of the bonds or notes; plus
(2) the period of construction of the project or projects.