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Indiana · Snapshot 2026

IC 8-14.5-6-9: Appropriated purpose of proceeds; maturities

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Where this section sits in the code
  1. TITLE 8. UTILITIES AND TRANSPORTATION
  2. ARTICLE 14.5. LEASE FINANCING FOR TRANSPORTATION SYSTEMS
  3. Chapter 6. Issuance of Bonds and Notes

Sec. 9. The proceeds of the bonds or notes are appropriated for the purpose for which the bonds or notes may be issued and the proceeds shall be deposited and disbursed in accordance with any provisions and restrictions that the authority may provide in the resolution or trust agreement authorizing the issuance of the bonds or notes. The maturities of the bonds or notes, the rights of the owners, and the rights, duties, and obligations of the authority are governed in all respects by this article and the resolution or trust agreement.

Collected 2026-10-04T20:08:46Z. Source file · JSON

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