Indiana Code 8-14.5-7-3. “Grant anticipation revenue bond”
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Terms Used In Indiana Code 8-14.5-7-3
- federal highway revenues: means :
Indiana Code 8-14.5-7-2
- Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Sec. 3. As used in this chapter, “grant anticipation revenue bond” or “grant anticipation revenue note” means a bond or note, respectively, secured by lease rentals relating to highway improvement projects and anticipated to be paid from federal highway revenues deposited in the grant anticipation fund.
As added by P.L.246-2005, SEC.83.