Indiana Code
Chapter 23. Multiple County Infrastructure Authority
36-7-23-28. Disposition of Bond Proceeds; Bond Maturities; Rights of Bondholders; Rights and Duties of Directors

Sec. 28. The proceeds of bonds issued under this chapter are appropriated for the purpose for which the bonds are issued. The proceeds shall be deposited and disbursed in accordance with any provisions and restrictions that the board provides in the resolution or trust indenture authorizing the issuance of the bonds in the first instance and the issuance of any refunding bonds, or in a trust indenture authorized and approved by resolution of the board. The maturities of the bonds, the rights of the holders, and the rights, duties, and obligations of the board are governed in all respects by this chapter.
As added by P.L.346-1989(ss), SEC.7.

Structure Indiana Code

Indiana Code

Title 36. Local Government

Article 7. Planning and Development

Chapter 23. Multiple County Infrastructure Authority

36-7-23-1. "Authority" Defined

36-7-23-2. "Board" Defined

36-7-23-3. Repealed

36-7-23-3.7. Applicability of Chapter

36-7-23-4. Establishment; Public Body Corporate and Politic; Multiple County Participation; Distribution of Funds

36-7-23-5. Purpose; Activities

36-7-23-6. Repealed

36-7-23-7. Eminent Domain

36-7-23-8. Contracts With Political Subdivisions

36-7-23-9. Board of Directors

36-7-23-10. Appointed Members of Board of Directors

36-7-23-11. Terms of Office

36-7-23-12. Vacancy on Board of Directors

36-7-23-13. Compensation and Expenses of Board Members

36-7-23-14. Repealed

36-7-23-15. Officers of Board of Directors

36-7-23-16. Vacancies in Offices of Board of Directors

36-7-23-17. Quorum; Proxies

36-7-23-18. Meetings

36-7-23-19. Powers and Duties

36-7-23-20. Bylaws, Rules, and Regulations

36-7-23-21. Broad Construction of Board's Powers

36-7-23-22. Revenue Bond Resolutions

36-7-23-23. Amount of Bonds Sold

36-7-23-24. Disclosures on Face of Bond

36-7-23-25. Execution, Attestation, and Authentication of Bonds

36-7-23-26. Negotiability of Bonds

36-7-23-27. Sale of Bonds

36-7-23-28. Disposition of Bond Proceeds; Bond Maturities; Rights of Bondholders; Rights and Duties of Directors

36-7-23-29. Bonds Payable From and Secured by Authority Revenues Only

36-7-23-30. Covenant Not to Impair Taxes Pledged to Bonds

36-7-23-31. Long Term Management Plan

36-7-23-32. Executive Director

36-7-23-33. Powers and Duties of Executive Director

36-7-23-34. Salaries; Expenses of Board, Authority, Employees, and Consultants

36-7-23-35. Minutes of Board; Records and Documents of Authority

36-7-23-36. Officers, Agents, and Employees; Legal Counsel; Technical Experts

36-7-23-37. Delegation of Administrative Duties

36-7-23-38. Personnel Policies

36-7-23-39. Authority Employees Not Employees of State

36-7-23-40. Conflict of Interest Disclosure

36-7-23-41. Nonparticipation of Director or Employer With Conflicting Interest

36-7-23-42. Officers and Employees of State or Political Subdivisions

36-7-23-43. Personal Liability of Directors, Officers, Employees, and Agents

36-7-23-44. Funds and Accounts

36-7-23-45. Deposit of Funds

36-7-23-46. Authority Funds as Trust Funds

36-7-23-47. Audit of Funds and Accounts

36-7-23-48. Authority Property as Public Property; Tax Exemption

36-7-23-49. Payment of Expenses; Indebtedness or Liability of State or Political Subdivision

36-7-23-50. Annual Report

36-7-23-51. Operating and Financial Statement

36-7-23-52. Fees, Rates, and Charges for Use of Infrastructures

36-7-23-53. Lease of Infrastructures

36-7-23-54. Corporations Permitted to Lease Infrastructures to Authorities

36-7-23-55. Securities Exempt From Registration Laws

36-7-23-56. Bonds Exempt From Taxation

36-7-23-57. Revenues of Authority Exempt From Taxation

36-7-23-58. Financing Methods

36-7-23-59. Full Authority to Issue Bonds Without State Approval; Construction With Other Statutes Conferring Powers