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Indiana Code Title 5. State and Local Administration § 5-1.2-8-22

Current as of January 01, 2026 | Updated by Findlaw Staff

Sec. 22. Notwithstanding any other provision of this chapter, the authority may:

(1) finance the cost of an educational facility or refund outstanding indebtedness of a nonprofit college or university, as authorized under section 8 of this chapter;  or

(2) finance the establishment of liability or other loss insurance reserves or the contribution of reserves or other capital to a risk retention group to provide insurance coverage against liability claims or other losses;

by issuing the authority's bonds for the purpose of loaning the proceeds to a nonprofit college or university for the cost of a project or to refund or refinance outstanding indebtedness or reimburse advances made in connection with a project in accordance with an agreement between the authority and the institution and in exchange for the institution's promissory note or notes.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-1.2-8-22 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-1-2-8-22/

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