{"data":{"id":"us-in/ic-5-1.2-8-22","jurisdiction":"us-in","citation":"IC 5-1.2-8-22","heading":"Powers of authority; financing","body":"Sec. 22. Notwithstanding any other provision of this chapter, the authority may:\n(1) finance the cost of an educational facility or refund outstanding indebtedness of a nonprofit college or university, as authorized under section 8 of this chapter; or\n(2) finance the establishment of liability or other loss insurance reserves or the contribution of reserves or other capital to a risk retention group to provide insurance coverage against liability claims or other losses;\nby issuing the authority's bonds for the purpose of loaning the proceeds to a nonprofit college or university for the cost of a project or to refund or refinance outstanding indebtedness or reimburse advances made in connection with a project in accordance with an agreement between the authority and the institution and in exchange for the institution's promissory note or notes.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.2. INDIANA FINANCE AUTHORITY","Chapter 8. Educational Facility Financing"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.2-8-22","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"799f0ede4367e8d1dc6abd77076d1620d0df4a87deb5c37175d6b20196442495","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.2-8-21","next":"us-in/ic-5-1.2-8-23"},"notice":"GroundRules: Original legal text. Not legal advice."}