Sec. 3. (a) The resolution adopted under section 2 of this chapter may also authorize the issuance of waste management development bonds payable solely from:

(1) revenues and receipts derived from a financing agreement; or

Terms Used In Indiana Code 13-21-9-3

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) payments made under a guaranty agreement by a developer, user, or any other person.

     (b) The waste management development bonds are not in any respect a general obligation of the district.

[Pre-1996 Recodification Citation: 13-9.5-9-5(e) part.]

As added by P.L.1-1996, SEC.11.

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