Indiana Code 8-1-40.5-7. “Securitization bonds”
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Sec. 7. (a) As used in this chapter, “securitization bonds” means bonds, debentures, notes, certificates of participation, certificates of a beneficial interest, certificates of ownership, or other evidences of indebtedness that:
(2) have a term of not more than twenty (20) years; and
(1) are issued by an electric utility, its successors, or an assignee under a financing order;
Terms Used In Indiana Code 8-1-40.5-7
- assignee: means any individual, corporation, or other legally recognized entity to which an interest in securitization property is transferred. See Indiana Code 8-1-40.5-1
- electric utility: means a public utility (as defined in IC 8-1-2-1(a)) that meets the following criteria:
Indiana Code 8-1-40.5-3
- financing order: means an order issued by the commission under section 10 of this chapter. See Indiana Code 8-1-40.5-4
- securitization property: means the rights and interests of an electric utility, or its successor, under a financing order, as described in section 11 of this chapter. See Indiana Code 8-1-40.5-9
(3) are secured by, or payable from, securitization property.
(b) If certificates of participation, certificates of a beneficial interest, or certificates of ownership are issued under this chapter, a reference in this chapter to “principal”, “interest”, or “premium” refers to comparable terms with respect to those certificates.
As added by P.L.80-2021, SEC.1.