Indiana Code 5-20-1-20. Authority to accept and expend funds
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Terms Used In Indiana Code 5-20-1-20
- Authority: means the Indiana housing and community development authority created by section 3 of this chapter. See Indiana Code 5-20-1-2
- notes: means the bonds or notes authorized to be issued by the authority under this chapter. See Indiana Code 5-20-1-2
Sec. 20. Authority to Accept and Expend Funds. The authority is authorized to accept and expend such moneys as may be received from any source, including income from the authority’s operations, for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation, and the establishment of a reserve or contingency fund to be available for the payment of the principal of and the interest on any bonds or notes of the authority.
As added by Acts 1978, P.L.28, SEC.1.