Indiana Statutes
§ 8-18-21-5 — Revenue bonds; issuance; source of payment
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 8-18-21-5 (Revenue bonds; issuance; source of payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.386-1987(ss), SEC.21. Amended by
P.L.3-1990, SEC.32.
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Repealed§ 8-1-1-13
Repealed§ 8-1-1-14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Repealed§ 8-1-1-4.1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
Repealed