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 […]
5-1.2-4-1. Powers of Indiana Finance Authority
Sec. 1. (a) The authority is granted all powers necessary or appropriate to carry out and effectuate its public and corporate purposes under the referenced statutes, including the following: (1) Have perpetual succession as a body politic and corporate and an independent instrumentality exercising essential public functions. (2) Without complying with IC 4-22-2, adopt, amend, […]
5-1.2-4-2. Prohibited Activities
Sec. 2. The authority: (1) may not deal in securities within the meaning of or subject to any securities law, securities exchange law, or securities dealers law of the United States or of the state of Indiana or of any other state or jurisdiction, domestic or foreign, except as authorized in the referenced statutes; (2) […]
5-1.2-4-3. Issuance of Bonds or Notes; Failure to Pay Obligations
Sec. 3. (a) The authority may issue bonds or notes and invest or loan the proceeds of those bonds or notes to a participant for the purposes of one (1) or more programs. (b) If the authority loans money to or purchases debt securities of a political subdivision, the authority may, by the resolution approving […]
5-1.2-4-4. Additional Authority Powers; Capital Improvements; Northwest Indiana Regional Development Authority; Motorsports Investment District; Local Innovation Development District
Sec. 4. (a) In addition to the powers listed in section 1 of this chapter, the authority may: (1) enter into leases and issue bonds under terms and conditions determined by the authority and use the proceeds of the bonds to: (A) acquire obligations issued by any entity authorized to acquire, finance, construct, or lease […]
5-1.2-4-5. Requirements; Establishment of Terms Governing Reserves or Funding Levels
Sec. 5. (a) This section does not apply to any indebtedness issued by the authority if: (1) the proceeds will be used for a project that has been specifically authorized by the general assembly; or (2) the indebtedness is authorized under the referenced statutes. (b) Notwithstanding any other law in effect before: (1) the authority […]
5-1.2-4-6. Power to Borrow Money and Issue Bonds
Sec. 6. (a) The authority has the power to borrow money and to issue its bonds from time to time in the principal amounts as the authority determines are necessary to provide sufficient funds to carry out its purposes, powers, and programs, including: (1) carrying out the purposes, powers, and programs stated in this article; […]
5-1.2-4-7. Bonds; Liability of Authority; Pledges as Additional Security
Sec. 7. Except as may otherwise be expressly provided by the authority, every issue of its bonds shall be obligations of the authority payable solely out of any specified revenue or money of the authority, subject only to any agreements with the holders of particular bonds pledging any particular money or revenue. The bonds may […]
5-1.2-4-8. Bonds; Liability of State
Sec. 8. No bonds issued by the authority under this article shall constitute a debt, liability, or obligation of the state, or a pledge of the faith and credit of the state, but shall be payable solely as provided by section 7 of this chapter. Each bond issued under this article shall contain on its […]