Indiana Code 14-13-2-26. Revenue bonds; refunding bonds
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Sec. 26. (a) The commission may issue refunding bonds in the commission’s name for the following purposes:
(2) If considered advisable by the commission, constructing improvements, extensions, or enlargements of a facility, a betterment, or an improvement in connection with which the bonds to be refunded have been issued.
(1) Refunding any bonds then outstanding and issued under this chapter or under IC 14-6-29.5 (before its repeal), including payment of redemption premium and interest accrued or to accrue to the date of redemption of the outstanding bonds.
Terms Used In Indiana Code 14-13-2-26
- commission: refers to the Little Calumet River basin development commission created by this chapter. See Indiana Code 14-13-2-2
(b) The issuance of the refunding bonds, the maturity dates and other details, and all rights, duties, and obligations of the holders of the refunding bonds and of the commission with respect to the refunding bonds are subject to this chapter.
[Pre-1995 Recodification Citation: 14-6-29.5-9(i).]
As added by P.L.1-1995, SEC.6.