§ 8-15-2-10 — Toll road revenue refunding bonds

Indiana § 8-15-2-10

• Jurisdiction: Indiana
• Art. 15: TOLL ROADS
• Ch. 2: Operation and Financing of Toll Roads

Text

(a) Subject to IC 8-9.5-8-10, the authority may
provide for the issuance of toll road revenue refunding bonds of the
state payable solely from the funds provided by this chapter for
payment for the purpose of:
(1) refunding any bonds then outstanding which shall have been
issued under the provisions of this chapter, including the payment
of any redemption premium thereon and any interest accrued or
to accrue to the date of redemption of such bonds; and
(2) if deemed advisable by the authority, for the additional
purpose of constructing improvements, extensions, or
enlargements of the toll road project in connection with which the
bonds to be refunded shall have been issued.
(b) The issuance of such bonds, the maturities and other details
thereof, the rights of the holders thereof, and the rights, duties, and
obligations of the authority in respect of the same, shall be governed by
the provisions of this chapter insofar as the same may be applicable.
Formerly: Acts 1951, c.281, s.10. As amended by Acts 1980,
P.L.74, SECS.235, 236; P.L.109-1983, SEC.13.