Sec. 14. (a) In anticipation of the money to be received from any source, a board may borrow money by issuing notes. The notes:
(1) must mature in not more than two (2) years; and
(2) may be renewed for periods of not more than two (2) years.
(b) The borrowing may be by direct negotiation with any of the following:
(1) A bank or savings association licensed to do business in Indiana.
(2) An agent of the state or federal government.
[Pre-1995 Recodification Citation: 13-3-3-70.]
As added by P.L.1-1995, SEC.26.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 33. Conservancy Districts
Chapter 7. Payment of Expenses
14-33-7-0.1. Application of Certain Amendments to Chapter
14-33-7-1. Special Benefit Taxes
14-33-7-2. Water Supply, Treatment, and Distribution; Assessments; Tap-in Fees
14-33-7-3. Special Benefits Tax Rate
14-33-7-4. Property Exempt From Special Benefits Tax
14-33-7-6. Notice Costs and Court Costs
14-33-7-7. Costs of Establishing District; Loans and Advances
14-33-7-9. Amended District Plan; Expenses
14-33-7-10. Loans From Federal Agencies for Works of Improvement
14-33-7-11. Petition for Approval of Financial Commitments
14-33-7-12. District Plan to Include Federal Agency Agreements
14-33-7-13. Special Benefits Tax Levied Although District Plan Abandoned
14-33-7-15. County Auditor Issuing Warrants for Money