Indiana Code 6-9-1-4. Management of funds; bonds
(b) Upon request by the Potawatomi Zoo, the board of managers shall fully support and assist the Potawatomi Zoo to secure the issuance of bonds from the applicable fiscal body up to a term of twenty (20) years to pay any costs associated with the financing, construction, renovation, improvement, and equipping of projects for the Potawatomi Zoo. Any funds received as a result of issuing bonds under this section shall be given to the Potawatomi Zoo, and the Potawatomi Zoo shall have complete control over funds received as a result of issuing the bonds. The board of managers may require that the Potawatomi Zoo issue an annual report that:
Terms Used In Indiana Code 6-9-1-4
- board of managers: means the special funds board of managers created under section 2 of this chapter. See Indiana Code 6-9-1-1
(2) provides a current update of a project’s development.
(c) Bonds issued under this section must be repaid in accordance with section 6.3(c) of this chapter.
Formerly: Acts 1972, P.L.58, SEC.1. As amended by P.L.69-2021, SEC.1.