Sec. 23. All money received from the sale of bonds or loans negotiated under this chapter, after reimbursement to the city of all amounts advanced for preliminary expenses as provided in section 11 of this chapter, shall be applied to the payment of the costs of buildings and improvements for which the bonds were issued or the loan was negotiated, including incidental expenses and interest during construction. A lien exists on all monies until so applied in favor of the holders of the bonds, the lenders, or the trustees.
As added by Acts 1982, P.L.218, SEC.5.
Structure Indiana Code
Article 10. Recreation, Culture, and Community Facilities
Chapter 11. Gary Building Authority
36-10-11-1. Application of Chapter
36-10-11-4. Trustees; Appointment; Terms; Vacancies; Oath
36-10-11-5. Trustees; Removal; Procedure
36-10-11-6. Trustees; Meetings; Selection of Directors and Officers
36-10-11-7. Trustees; Rules; Reimbursement of Expenses
36-10-11-8. Trustees; Conflicts of Interest
36-10-11-10. Board of Directors; Meetings; Officers; Bylaws; Quorum; Approval of Actions
36-10-11-11. Preliminary Expenses; Payment; Reimbursement
36-10-11-12. Board of Directors; Powers
36-10-11-14. Lease; Option to Purchase
36-10-11-15. Lease; Notice and Hearing; Authorization of Execution
36-10-11-18. Lease; Actions to Contest Validity or Enjoin Performance; Limitation
36-10-11-19. Sale or Lease of Land by Governmental Entity to Authority
36-10-11-20. Revenue Bonds; Issuance; Resolution
36-10-11-21. Bonds; Execution and Sale
36-10-11-23. Application of Bond and Loan Proceeds; Lien
36-10-11-24. Bonds or Loans; Trust Indenture
36-10-11-25. Refunding Revenue Bonds; Issuance
36-10-11-26. Refunding Bonds; Application of Proceeds
36-10-11-27. Refunding Bonds; Authority to Amend Lease
36-10-11-28. Refunding Bonds; Redemption
36-10-11-29. Governmental Entity; Tax Levy to Pay Lease Rental
36-10-11-31. Handling of Funds; Audit; Contract Requirements; Surety Bonds of Employees
36-10-11-32. Civil Actions Against Authority; Venue
36-10-11-33. Civic Center Board of Managers; Creation; Organization
36-10-11-34. Board of Managers; Powers
36-10-11-35. Board of Managers; Preparation and Review of Annual Budget; Approval of Expenditures
36-10-11-36. Board of Managers; Controller and Assistant Controller; Duties