Indiana Code 8-14.5-8-5. Authorization to issue bonds or notes
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Terms Used In Indiana Code 8-14.5-8-5
- 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. 5. The authority may issue bonds or notes to finance a project approved by the department under this chapter using lease rentals for bond or note repayments. However, the annual payments on all the bonds and notes outstanding may not exceed ten million dollars ($10,000,000).
As added by P.L.218-2017, SEC.68.