5-1.2-4-27. Payment of Expenses and Power to Incur Indebtedness; Limitations; Authority Budget
Sec. 27. (a) All expenses incurred by the authority in carrying out the referenced statutes are payable solely from funds provided under the referenced statutes, except to the extent payable from grants or advances from participating providers or any other entity, which grants or advances may be reimbursed from bond proceeds, and nothing in the […]
5-1.2-4-28. Property; Tax Exemption
Sec. 28. (a) Except as provided in subsection (b), all property, both tangible and intangible, acquired or held by the authority under the referenced statutes is declared to be public property used for public and governmental purposes, and all the property and income from the property is at all times exempt from all taxes imposed […]
5-1.2-4-29. Annual Report
Sec. 29. The authority shall, following the close of each fiscal year, submit an annual report of the authority’s activities under the referenced statutes for the preceding year to the governor, the budget committee, and the general assembly. A report submitted to the general assembly must be in an electronic format under IC 5-14-6. Each […]
5-1.2-4-30. Participants May Invest Funds
Sec. 30. Notwithstanding any statute applicable to or constituting any limitation on the investment or reinvestment of funds by or on behalf of political subdivisions: (1) a participant receiving financial assistance in connection with a program may invest and reinvest funds that constitute, replace, or substitute for the proceeds of bonds or other evidence of […]
5-1.2-4-15. Bonds; Negotiability
Sec. 15. Whether the bonds are in the form and character of negotiable instruments, the bonds are negotiable instruments, subject only to provisions of the bonds relating to registration. As added by P.L.189-2018, SEC.25.
5-1.2-4-31. Participants May Borrow Money From the Authority; Competitive Sale Requirements Inapplicable; Issue and Sell Notes; Terms
Sec. 31. (a) Notwithstanding any other law, a participant may borrow money from the authority for any program by negotiating a loan or other financial assistance directly with the authority and without complying with requirements for the competitive sale of bonds, notes, or other obligations or evidence of indebtedness. A participant shall observe any existing […]
5-1.2-4-16. Bonds; Execution; Manual or Facsimile Signatures
Sec. 16. Any bonds issued by the authority under this article shall be executed by the manual or facsimile, except as otherwise provided in this article, signatures of the officers or agents of the authority that the authority designates. If bonds are issued pursuant to a trust indenture, the manual authentication of each bond by […]
5-1.2-4-32. Liability
Sec. 32. (a) Notwithstanding any other law, the authority, program, or program related fund, or any person or agent acting on behalf of the authority, the program, or the program related fund, is not liable in damages or otherwise to any participant or party seeking to be a participant for any act or omission in […]
5-1.2-4-17. Personal Liability for Acts Authorized by Affected Statutes
Sec. 17. The members of the authority, the officers and employees of the authority, the public finance director, any agents of the authority, and any other persons executing bonds issued under the referenced statutes are not subject to personal liability or accountability by reason of any act authorized by the referenced statutes, including without limitation […]
5-1.2-4-33. Financial Assistance Agreement; Default by the Participant
Sec. 33. (a) Notwithstanding any other law and if provided in a financial assistance agreement related to any program, any state department or state agency, including the treasurer of state: (1) that is the custodian of money payable to a participant, other than money in payment for goods or services provided by the participant; and […]