Indiana Statutes
§ 8-5-15-5.3 — Issuance of bonds by the northern Indiana commuter transportation district after May 9, 2025
Indiana § 8-5-15-5.3
This text of Indiana § 8-5-15-5.3 (Issuance of bonds by the northern Indiana commuter transportation district after May 9, 2025) 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 § 8-5-15-5.3 (2026).
Text
3.Notwithstanding any other law, the northern
Indiana commuter transportation district established under this chapter
may not issue new bonds, new notes, or other new evidences of
indebtedness after May 9, 2025, that are payable in whole or in part
from amounts distributed to the northern Indiana commuter
transportation district from the commuter rail service fund (IC 8-3-1.5-20.5) or the electric rail service fund (IC 8-3-1.5-20.6).
However, this section may not be construed to prohibit the refinancing
of outstanding indebtedness originally incurred before May 10, 2025.
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Legislative History
As added by P.L.68-2025, SEC.192.
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Repealed§ 8-1-1-13
Repealed§ 8-1-1-14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Repealed§ 8-1-1-4.1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
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-5-15-5.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-5-15-5.3.