Sec. 33. (a) The proceeds of any bonds issued under section 30 of this chapter or of any loans made under section 31 of this chapter shall first be applied to the reimbursement of all amounts advanced for preliminary expenses under section 21 of this chapter. The proceeds shall then be applied solely to the payment of the costs for which the bonds are issued or the loan is negotiated, including incidental expenses and interest during construction or acquisition.
(b) The bondholders under section 30 of this chapter, lenders under section 31 of this chapter, or trustees under section 32 of this chapter have a lien upon the proceeds of the bonds or the loan until those proceeds are applied in the manner prescribed by this section.
[Pre-Local Government Recodification Citation: 19-8-4-17.]
As added by Acts 1981, P.L.309, SEC.86. Amended by P.L.37-1988, SEC.39.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 13. County Building Authority
36-9-13-1. Application of Chapter; "Eligible Entities" Defined
36-9-13-3. "Government Building" Defined
36-9-13-4. Building Authorities; Authorization; Purposes
36-9-13-5. Procedure for Establishment of Authority; Notice and Hearing
36-9-13-6. Trustees; Appointment; Terms of Office; Oaths
36-9-13-6.5. Withdrawal of Municipal County Seat From County Building Authority
36-9-13-7. Trustees; Appointment of Successors
36-9-13-8. Trustees; Failure to Qualify; Vacancies
36-9-13-9. Trustees; Meetings to Elect Officers and Appoint Board of Directors
36-9-13-10. Trustees; Adoption of Rules; Records; Additional Meetings
36-9-13-11. Board of Directors; Appointment; Terms of Office; Qualifications; Oaths
36-9-13-12. Directors; Appointment of Successors
36-9-13-13. Directors; Vacancies
36-9-13-14. Directors; Meetings to Elect Officers
36-9-13-15. Directors; Additional Meetings
36-9-13-16. Directors; Adoption of Rules; Quorum; Approval of Actions
36-9-13-17. Trustees and Directors; Actions Resulting in Vacation of Office
36-9-13-18. Removal of Trustees and Directors
36-9-13-19. Compensation of Trustees and Directors
36-9-13-20. Trustees and Directors; Conflicts of Interest
36-9-13-21. Preliminary Expenses
36-9-13-22. Powers and Duties of Board of Directors
36-9-13-22.5. Management Contract; Terms; Annual Budget; Tax Levy
36-9-13-24. Leases; Options to Renew
36-9-13-25. Leases; Options to Purchase; Authorization of Bond Issue to Pay Purchase Price
36-9-13-27. Leases; Notice and Hearing; Execution
36-9-13-32. Trust Indentures Securing Bonds or Loans
36-9-13-33. Proceeds; Application; Liens
36-9-13-34. Tax Levy to Pay Lease Rentals
36-9-13-35. Review of Annual Budget
36-9-13-36. Property and Revenues; Tax Exemption
36-9-13-37. Bonds and Other Securities; Tax Exemption
36-9-13-38. Handling of Funds; Employees' Bonds