Sec. 10. If the board of directors:
(1) decides not to enter into a loan agreement with a federal agency by installment note or series of notes; and
(2) instead prepares a bond issue, in whole or in part;
the board of directors may offer the bond issue for sale to a federal agency without a public offering or the securing of competitive bids on the bond offering.
[Pre-1995 Recodification Citation: 13-2-29-1(d).]
As added by P.L.1-1995, SEC.20.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 27. Levees, Dams, and Drainage
Chapter 5. Levee Associations; Federal Loans
14-27-5-1. Applicability of Chapter
14-27-5-2. Application for Loan
14-27-5-3. Evidence and Security of Loan
14-27-5-4. Terms of Loan Subject to Agreement and Federal Law
14-27-5-5. Petition for Approval of Loan
14-27-5-6. Hearing on Petition for Approval of Loan
14-27-5-7. Court Approval of Loan
14-27-5-8. Levy of Special Assessment Upon Court Approval