36-9-13-31. Loans
Sec. 31. (a) In lieu of authorizing and selling bonds under section 30 of this chapter, the board of directors of a building authority may adopt a resolution authorizing the negotiation of a loan or loans for the purpose of obtaining the required money. (b) The resolution authorizing the loan must set out: (1) the […]
36-9-13-32. Trust Indentures Securing Bonds or Loans
Sec. 32. (a) The board of directors of a building authority may secure bonds issued under section 30 of this chapter or loans made under section 31 of this chapter by a trust indenture between the authority and a corporate trustee, which may be any trust company or national or state bank within Indiana that […]
36-9-13-3.5. “System” Defined
Sec. 3.5. As used in this chapter, “system” means any of the following: (1) A computer (as defined in IC 36-8-15-4). (2) A communications system (as defined in IC 36-8-15-3(1)). (3) Mobile or remote equipment that is coordinated by or linked with a computer or communication system. (4) Upon the request of: (A) the fiscal […]
36-9-13-18. Removal of Trustees and Directors
Sec. 18. (a) A person seeking the removal of a trustee for: (1) neglect of duty; (2) incompetence; (3) inability to perform the trustee’s duties; or (4) any other good cause; may file a complaint in the circuit or superior court for the county in which the building authority is located. The complaint must set […]
36-9-13-4. Building Authorities; Authorization; Purposes
Sec. 4. A county may establish a separate municipal corporation to be known as the “__________ building authority” (including the name of the county seat and county) for the purpose of: (1) acquiring land; and (2) financing, acquiring, improving, constructing, reconstructing, renovating, equipping, and operating government buildings and systems; and leasing them to eligible entities. […]
36-9-13-19. Compensation of Trustees and Directors
Sec. 19. A trustee or director is not entitled to a salary but is entitled to reimbursement for expenses necessarily incurred in the performance of the trustee’s or director’s duties. [Pre-Local Government Recodification Citations: 19-8-4-3 part; 19-8-4-5 part.] As added by Acts 1981, P.L.309, SEC.86. Amended by P.L.127-2017, SEC.310.
36-9-13-5. Procedure for Establishment of Authority; Notice and Hearing
Sec. 5. (a) Whenever the county auditor receives a notice that: (1) is signed by the presiding officers of the county executive, the county fiscal body, and the municipal fiscal body of the county seat; (2) states that those bodies have agreed to hold a public hearing on and consider the creation of a county […]
36-9-13-20. Trustees and Directors; Conflicts of Interest
Sec. 20. A trustee or director may not have any pecuniary interest in any contract, employment, purchase, or sale made under this chapter. Any such transaction in which a trustee or director has a pecuniary interest is void. [Pre-Local Government Recodification Citation: 19-8-4-7.] As added by Acts 1981, P.L.309, SEC.86.
36-9-13-6. Trustees; Appointment; Terms of Office; Oaths
Sec. 6. (a) Within sixty (60) days after the adoption of the concurrent resolution under section 5 of this chapter, a board of building authority trustees shall be appointed. The board consists of five (5) trustees who are appointed in the following manner and for the following initial terms: (1) One (1) appointed by the […]
36-9-13-6.5. Withdrawal of Municipal County Seat From County Building Authority
Sec. 6.5. (a) Notwithstanding section 6 of this chapter, the municipal county seat may withdraw from the building authority under this section. (b) To withdraw from the building authority, the fiscal body of the municipality must do the following: (1) Adopt a resolution that states all of the following: (A) That the municipality withdraws from […]