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Indiana Code Title 8. Utilities and Transportation § 8-18-21-5

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

Sec. 5. (a) For the purpose of obtaining money to pay the cost of:

(1) constructing toll road facilities;

(2) acquiring land;

(3) repaying any advances for preliminary expenses made to the authority by an eligible entity;  or

(4) refinancing any loan made under this chapter;

the board of directors of a toll road authority may issue revenue bonds of the authority.

(b) The bonds are payable solely from the income and revenues of the toll road facilities for which the bonds were issued.

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Cite this article: FindLaw.com - Indiana Code Title 8. Utilities and Transportation § 8-18-21-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-8-utilities-and-transportation/in-code-sect-8-18-21-5/

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