{"data":{"id":"us-in/ic-5-1-17-12","jurisdiction":"us-in","citation":"IC 5-1-17-12","heading":"Bonds; refunding; leases; property","body":"Sec. 12. (a) Bonds issued under IC 36-10-8 or IC 36-10-9 or prior law may be refunded as provided in this section.\n(b) A capital improvement board may:\n(1) lease all or a portion of land or a capital improvement or improvements to the authority, which may be at a nominal lease rental with a lease back to the capital improvement board, conditioned upon the authority assuming bonds issued under IC 36-10-8 or IC 36-10-9 or prior law and issuing its bonds to refund those bonds; and\n(2) sell all or a portion of land or a capital improvement or improvements to the authority for a price sufficient to provide for the refunding of those bonds and lease back the land or capital improvement or improvements from the authority.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1. BONDS AND OTHER OBLIGATIONS","Chapter 17. Indiana Stadium and Convention Building Authority"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1-17-12","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"d1dfb58cff978afae701038ff47b7dd6bba855bb6c3b0e1a2b173de3eb78c2c0","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1-17-11","next":"us-in/ic-5-1-17-13"},"notice":"GroundRules: Original legal text. Not legal advice."}