{"data":{"id":"us-in/ic-8-14.5-6-5","jurisdiction":"us-in","citation":"IC 8-14.5-6-5","heading":"Bond and note provisions; weighted average life","body":"Sec. 5. (a) The bonds or notes must indicate on their face:\n(1) the maturity date or dates, as determined under subsection (b);\n(2) the interest rate or rates (whether fixed, variable, or a combination of fixed or variable) or the manner in which the interest rate or rates will be determined if variable or adjustable rates are used;\n(3) registration privileges and place of payment, including provisions for book entry obligations as set forth in IC 5-1-15;\n(4) the conditions and terms under which the bonds or notes may be redeemed or prepaid before maturity; and\n(5) their source of payment as set forth in section 10 of this chapter.\n(b) The weighted average life of the bonds or notes may not exceed the sum of:\n(1) the weighted average useful life of the project or projects to be financed from the proceeds of the bonds or notes; plus\n(2) the period of construction of the project or projects.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 14.5. LEASE FINANCING FOR TRANSPORTATION SYSTEMS","Chapter 6. Issuance of Bonds and Notes"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-14.5-6-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"54e1e190a25c6a6750d7bda2db43cf2a4750d33cefdc2752b86fde198c6770b1","source_id":"us-in","stale":false,"prev":"us-in/ic-8-14.5-6-4","next":"us-in/ic-8-14.5-6-6"},"notice":"GroundRules: Original legal text. Not legal advice."}