Indiana Code
Chapter 2. Little Calumet River Basin Development Commission
14-13-2-25. Bonds; Legal Investments; Exempt From Taxation

Sec. 25. (a) Bonds issued under this chapter or under IC 14-6-29.5 (before its repeal) constitute legal investments for the following:
(1) Private trust money.
(2) The money of banks, trust companies, insurance companies, building and loan associations, credit unions, banks of discount and deposit, savings associations, mortgage guaranty companies, small loan companies, industrial loan and investment companies, and any other financial institutions organized under Indiana law.
(b) Bonds issued under this chapter and the interest on the bonds are exempt from taxation as prescribed by IC 6-8-5-1.
[Pre-1995 Recodification Citation: 14-6-29.5-9(h).]
As added by P.L.1-1995, SEC.6. Amended by P.L.106-2012, SEC.17.

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Structure Indiana Code

Indiana Code

Title 14. Natural and Cultural Resources

Article 13. Local Resource Development

Chapter 2. Little Calumet River Basin Development Commission

14-13-2-1. "Burns Waterway"

14-13-2-2. "Commission"

14-13-2-3. "Fund"

14-13-2-3.3. "Parcel"

14-13-2-3.5. "Taxable Parcel"

14-13-2-3.8. "Watershed"

14-13-2-4. Purposes of Chapter

14-13-2-5. Creation of Commission

14-13-2-6. Territorial Jurisdiction of Commission

14-13-2-7. Members

14-13-2-8. Term of Members; Eligibility for Reappointment

14-13-2-9. Officers

14-13-2-10. Meetings

14-13-2-11. Per Diem Compensation and Traveling Expenses

14-13-2-12. Acquisition of Property by Purchase or Lease

14-13-2-13. Eminent Domain Powers

14-13-2-14. Acquisition of Property From Political Subdivisions or Public Entities

14-13-2-15. Property Improvements

14-13-2-16. Conveyance of Property to Political Subdivisions or Public Entities

14-13-2-17. Management of Projects; Maintenance Training

14-13-2-18. General Powers of Commission

14-13-2-18.5. Special Assessments Imposed

14-13-2-18.6. Special Assessment; Uses; Transfer to Northwest Indiana Regional Development Authority

14-13-2-19. Creation of Fund

14-13-2-20. Bonds Payable From Revenue and Special Assessments

14-13-2-21. Bonds; Not Debt of State or Other Political Subdivisions; Payable Solely From Money Pledged

14-13-2-22. Redemption and Negotiability of Bonds

14-13-2-23. Requirements for Issuing Bonds

14-13-2-24. Authority to Issue Bonds; Application of Other Laws

14-13-2-25. Bonds; Legal Investments; Exempt From Taxation

14-13-2-26. Revenue Bonds; Refunding Bonds

14-13-2-27. Public Purpose

14-13-2-28. Tax Exemptions

14-13-2-29. Little Calumet River Basin

14-13-2-30. Deposits; Audits

14-13-2-31. Reports

14-13-2-32. Little Calumet River Basin Project Advisory Board