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Indiana Code Title 8. Utilities and Transportation § 8-10-1-4.5

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

Sec. 4.5. Except as specifically authorized by the general assembly, the ports of Indiana may not pledge, in any form, to:

(1) seek funding from the state in the event of any default in the payment of revenue bonds;  or

(2) specify, in any form, in an agreement related to revenue bonds that money appropriated by the general assembly may or shall be deposited in a debt service fund or reserve fund for the revenue bonds.

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Cite this article: FindLaw.com - Indiana Code Title 8. Utilities and Transportation § 8-10-1-4.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-8-utilities-and-transportation/in-code-sect-8-10-1-4-5/

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