{"data":{"id":"us-in/ic-8-18-21-10","jurisdiction":"us-in","citation":"IC 8-18-21-10","heading":"Loans; resolutions; notice","body":"Sec. 10. (a) In lieu of authorizing and selling bonds under this chapter, the board of directors of a toll road authority may adopt a resolution authorizing the negotiation of a loan or loans for the purpose of obtaining the required money.\n(b) The resolution authorizing the loan must set out:\n(1) the total amount of the loan desired;\n(2) the approximate dates on which money will be required, and the amounts of the money that will be required on those dates; and\n(3) any terms, conditions, and restrictions concerning the proposed loan or the submission of proposals that the board considers advisable.\n(c) Before the consideration of proposals for such a loan, a notice shall be published in accordance with IC 5-3-1. The notice must set out:\n(1) the amount and purpose of the proposed loan;\n(2) a brief summary of other provisions of the resolution; and\n(3) the time and place where proposals will be considered.\n(d) The board of directors may accept the proposal it considers most advantageous to the authority.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 18. COUNTY ROADS─FINANCING AND BONDING","Chapter 21. County Toll Road Financing"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-18-21-10","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"8cce5e004bd0fe35f0f9eabae49cea2a4484c053b516ba717576bf2ed68583bb","source_id":"us-in","stale":false,"prev":"us-in/ic-8-18-21-9","next":"us-in/ic-8-18-21-11"},"notice":"GroundRules: Original legal text. Not legal advice."}