{"data":{"id":"us-in/ic-8-14.5-7-9","jurisdiction":"us-in","citation":"IC 8-14.5-7-9","heading":"Indebtedness limited to authority","body":"Sec. 9. Grant anticipation revenue bonds or notes:\n(1) constitute the corporate obligations of the authority;\n(2) do not constitute an indebtedness of the state within the meaning or application of any constitutional provision or limitation; and\n(3) are payable solely as to both principal and interest from:\n(A) the revenues from a lease to the department, if any;\n(B) proceeds of bonds or notes, if any; or\n(C) investment earnings on proceeds of bonds or notes, if any.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 14.5. LEASE FINANCING FOR TRANSPORTATION SYSTEMS","Chapter 7. Grant Anticipation Revenue Bonds and Notes"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-14.5-7-9","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"3bdc19b4b3edb27dc99a86f58abdacb1a54528f80b9625c42d7b42341f2c2346","source_id":"us-in","stale":false,"prev":"us-in/ic-8-14.5-7-8","next":"us-in/ic-8-14.5-8-1"},"notice":"GroundRules: Original legal text. Not legal advice."}