Indiana Code 20-27-4-7. Indiana bond bank; loans, security agreements, or leases
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Terms Used In Indiana Code 20-27-4-7
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Sec. 7. Notwithstanding any other provision of this chapter, a school corporation may negotiate and enter into loans, security agreements, or leases with the Indiana bond bank for the acquisition and financing of a school bus.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-9.1-6-8.]
As added by P.L.1-2005, SEC.11.