Sec. 12. The proceeds of the bonds are appropriated for and shall be used solely for the payment of the cost of the park project for which the bonds have been issued. The proceeds shall be disbursed in the manner and under the restrictions, if any, that the authority provides in the resolution authorizing the issuance of the bonds or in the trust agreement securing the bonds.
As added by P.L.189-2018, SEC.25.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 6. Recreational Development Facilities and Park Projects
5-1.2-6-1. Recreational Facilities and Park Projects; Request; Findings; Authorization
5-1.2-6-4. Authority's Exercise of Powers an Essential Governmental Function
5-1.2-6-6. Authority May Lease Property to the Department of Natural Resources; Lease Terms
5-1.2-6-7. Public Notice and Bidding Required for Certain Contracts
5-1.2-6-10. Use of Park Improvement Agreements; Terms
5-1.2-6-11. Payment of Expenses