{"data":{"id":"us-in/ic-5-1.3-6-8","jurisdiction":"us-in","citation":"IC 5-1.3-6-8","heading":"Declaration concerning liability; sources or repayment","body":"Sec. 8. The bonds or notes:\n(1) constitute the corporate obligations of the IFA or the NWIRDA;\n(2) do not constitute an indebtedness of the state within the meaning or application of any constitutional provision, prohibition, or limitation; and\n(3) are payable solely as to both principal and interest from:\n(A) the revenues from a lease to the NWIRDA, if any;\n(B) other available revenues, if any;\n(C) proceeds of bonds or notes, if any; or\n(D) investment earnings on proceeds of bonds or notes.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.3. LEASE FINANCING FOR RAIL PROJECTS FOR THE NORTHWEST INDIANA REGIONAL DEVELOPMENT AUTHORITY AND THE NORTHERN INDIANA COMMUTER TRANSPORTATION DISTRICT","Chapter 6. Bonds and Notes"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.3-6-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"7d52eb7be15ae96a57ca6756618d1c69c6c57922bc81d16de9259d49198e21bc","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.3-6-7","next":"us-in/ic-5-1.3-6-9"},"notice":"GroundRules: Original legal text. Not legal advice."}