Indiana § 8-18-21-5 Revenue bonds; issuance; source of payment

Indiana Statutes

§ 8-18-21-5 — Revenue bonds; issuance; source of payment

Indiana § 8-18-21-5

Art. 18COUNTY ROADS─FINANCING AND BONDING

Ch. 21County Toll Road Financing

This text of Indiana § 8-18-21-5 (Revenue bonds; issuance; source of payment) 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 § 8-18-21-5 (2026).

Text

(a)For the purpose of obtaining money to pay the cost of:

(1)constructing toll road facilities;

(2)acquiring land;

(3)repaying any advances for preliminary expenses made to the authority by an eligible entity; or

(4)refinancing any loan made under this chapter; the board of directors of a toll road authority may issue revenue bonds of the authority.

(b)The bonds are payable solely from the income and revenues of the toll road facilities for which the bonds were issued.

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(a) For the purpose of obtaining money to pay
the cost of:
(1) constructing toll road facilities;
(2) acquiring land;
(3) repaying any advances for preliminary expenses made to the
authority by an eligible entity; or
(4) refinancing any loan made under this chapter;
the board of directors of a toll road authority may issue revenue bonds
of the authority.
(b) The bonds are payable solely from the income and revenues of
the toll road facilities for which the bonds were issued.