Indiana § 8-9.5-8-11 Issuance of additional bonds

Indiana Statutes

§ 8-9.5-8-11 — Issuance of additional bonds

Indiana § 8-9.5-8-11

Art. 9.5TRANSPORTATION AGENCIES

Ch. 8Indiana Finance Authority: Additional Duties

This text of Indiana § 8-9.5-8-11 (Issuance of additional bonds) 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 § 8-9.5-8-11 (2026).

Text

Notwithstanding section 10 of this chapter, if:

(1)a bond issue of the authority provides an amount less than the amount necessary to complete the toll road project or the toll bridge project for which the bonds were issued; and

(2)the trust agreement securing the bond issue provides that additional bonds may be issued to secure additional funds to provide the amount necessary to complete the project; the authority may, without the approval of the parties listed in section 10 of this chapter, issue additional bonds to provide the funds necessary to complete the project.

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding section 10 of this chapter,
if:
(1) a bond issue of the authority provides an amount less than the
amount necessary to complete the toll road project or the toll
bridge project for which the bonds were issued; and
(2) the trust agreement securing the bond issue provides that
additional bonds may be issued to secure additional funds to
provide the amount necessary to complete the project;
the authority may, without the approval of the parties listed in section
10 of this chapter, issue additional bonds to provide the funds
necessary to complete the project.