Sec. 9. (a) Bonds issued under IC 36-7-15.1 may be refunded as provided in this section.
(b) The commission may:
(1) lease all or a portion of a local public improvement or improvements to the authority, which may be at a nominal lease rental with a lease back to the commission, conditioned upon the authority assuming bonds issued under IC 36-7-15.1 and issuing its bonds to refund those bonds; and
(2) sell all or a portion of a local public improvement or improvements to the authority for a price sufficient to provide for the refunding of those bonds and lease back the local public improvement or improvements from the authority.
As added by P.L.84-1987, SEC.14.
Structure Indiana Code
Article 7. Planning and Development
Chapter 15.3. Redevelopment Authority in Marion County
36-7-15.3-1. Application of Chapter
36-7-15.3-2. "Authority" Defined
36-7-15.3-5. "Commission" Defined
36-7-15.3-6. "Local Public Improvement" Defined
36-7-15.3-7. Additional Purposes; Prohibitions
36-7-15.3-8. Additional Powers
36-7-15.3-8.5. Redevelopment Authority Subject to Open Government Laws
36-7-15.3-8.6. Electronic Meetings
36-7-15.3-9. Refunding of Bonds
36-7-15.3-10. Requirements for Lease of Local Improvements to Commission
36-7-15.3-11. Authorization for Leases Between the Authority and Commission; Exception
36-7-15.3-12. Local Public Improvements; Plans and Specifications
36-7-15.3-13. Common Wall or Other Agreements
36-7-15.3-14. Local Public Improvement; Sale or Nominal Rental to Authority
36-7-15.3-15. Issuance of Bonds; Purpose; Conditions
36-7-15.3-16. Issuance of Bonds; Full and Complete Authority; Status
36-7-15.3-17. Trust Indenture; Provisions
36-7-15.3-18. Option to Purchase Leased Property; Bonds