Sec. 1. A district:
(1) pending receipt of a grant; or
(2) in anticipation of the issuance of bonds under this article;
may borrow money from any person and evidence the debt by a note or notes executed by the chairperson of the board and the controller of the district and containing the terms and provisions prescribed by the board.
[Pre-1996 Recodification Citation: 13-9.5-9-7(a).]
As added by P.L.1-1996, SEC.11.