Sec. 9. The board of directors may secure part or all of the money necessary for the project under this chapter. The board of directors may make the loan for any of the board's needs to cover the expenses for which the loan is sought and maintaining and operating the works of improvement that have been authorized by applicable governmental authority. The loan may also be used to refinance a prior loan whose proceeds have been used for any of the purposes described in section 2 of this chapter.
[Pre-1995 Recodification Citation: 13-2-29-1(c).]
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