Sec. 22. Notwithstanding any other provision of this chapter, the authority may:
(1) finance the cost of an educational facility or refund outstanding indebtedness of a nonprofit college or university, as authorized under section 8 of this chapter; or
(2) finance the establishment of liability or other loss insurance reserves or the contribution of reserves or other capital to a risk retention group to provide insurance coverage against liability claims or other losses;
by issuing the authority's bonds for the purpose of loaning the proceeds to a nonprofit college or university for the cost of a project or to refund or refinance outstanding indebtedness or reimburse advances made in connection with a project in accordance with an agreement between the authority and the institution and in exchange for the institution's promissory note or notes.
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 8. Educational Facility Financing
5-1.2-8-1. Purposes of This Chapter
5-1.2-8-4. Powers; Educational Facility Projects
5-1.2-8-13. Payment of Expenses
5-1.2-8-14. Conveyance of Title
5-1.2-8-15. Income From Investments or Reserves or Sinking Funds; Allocation and Use
5-1.2-8-18. Bonds; Use of Proceeds
5-1.2-8-20. Bonds; Authority to Refund
5-1.2-8-21. Competitive Bidding Requirement