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Indiana Code Title 36. Local Government § 36-9-41-3

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 3. Notwithstanding any other statute, a political subdivision may borrow the money necessary to finance:

(1) a public work project;  or

(2) an eligible efficiency project;

from a financial institution in Indiana by executing a negotiable note under section 4 of this chapter.  The political subdivision shall provide notice of its determination to issue the note under IC 5-3-1.  Money borrowed under this chapter is chargeable against the political subdivision's constitutional debt limitation.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-9-41-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-9-41-3/

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