{"data":{"id":"us-in/ic-5-1.4-2-1.5","jurisdiction":"us-in","citation":"IC 5-1.4-2-1.5","heading":"Public purpose","body":"Sec. 1.5. The general assembly finds that the establishment of a local public improvement bond bank in a city described in IC 5-1.4-1-5(3):\n(1) is necessary as a result of:\n(A) unique sources of revenues available to the city in relation to its budget;\n(B) extraordinary needs for infrastructure improvements in the city and in the county in which the city is located;\n(C) unprecedented opportunities for economic development, including tourism development; and\n(D) unique demands for education and workforce development, including facilities for providing education and training;\n(2) will afford the city the necessary flexibility to address the extraordinary demands and opportunities in a manner that will best serve the interests of the city and the state; and\n(3) constitutes an important public purpose and will protect and improve the health, safety, and welfare of the people of the city and the state.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.4. LOCAL PUBLIC IMPROVEMENT BOND BANKS","Chapter 2. Establishment and Organization"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.4-2-1.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"3236387dd1b60d9b4f8ca11fd0f34ff7538828f1eac96d2a2f2006ffb693fb15","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.4-2-1","next":"us-in/ic-5-1.4-2-2"},"notice":"GroundRules: Original legal text. Not legal advice."}