§ 8-21-9-25 — Refunding bonds

Indiana § 8-21-9-25

• Jurisdiction: Indiana
• Art. 21: AERONAUTICS
• Ch. 9: Jurisdiction Over Certain Airport Facilities

Text

The commissioner may, subject to IC 8-9.5-5-8(6) (repealed), provide for the issuance of airport revenue
refunding bonds of the state payable solely from revenues for the
purpose of refunding any bonds then outstanding which have been
issued under 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, if deemed advisable by the department,
for the additional purpose of constructing improvements, extensions,
or enlargements of the airport facility or airport facilities in connection
with which the bonds to be refunded have been issued. The issuance of
the 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 this chapter insofar as this
chapter is applicable.
Formerly: Acts 1971, P.L.105, SEC.2. As amended by Acts
1980, P.L.74, SEC.356; P.L.18-1990, SEC.161; P.L.1-2009,
SEC.75.