Sec. 14. (a) The IFA may obtain from the NWIRDA or an agency of the state or of the United States, or from a nongovernmental insurer, available insurance or guaranty for the payment or repayment of interest or principal, or both, or any part of interest or principal, or any debt service reserve funds, on bonds or notes issued by the IFA, or on securities purchased or held by the IFA.
(b) The NWIRDA may obtain from the IFA or an agency of the state or of the United States, or from a nongovernmental insurer, available insurance or guaranty for the payment or repayment of interest or principal, or both, or any part of interest or principal, or any debt service reserve funds, on bonds or notes issued by the NWIRDA, or on securities purchased or held by the NWIRDA.
As added by P.L.189-2018, SEC.26. Amended by P.L.10-2019, SEC.30.
Structure Indiana Code
Title 5. State and Local Administration
5-1.3-6-1. Authorization to Issue and Sell Bonds and Notes
5-1.3-6-3. Notice; Action to Contest Validity
5-1.3-6-5. Attributes of Bonds and Notes
5-1.3-6-7. Proceeds; Appropriation
5-1.3-6-8. Declaration Concerning Liability; Sources or Repayment
5-1.3-6-10. Exemption From Taxation
5-1.3-6-11. Authorization to Invest
5-1.3-6-12. Exemption From Registration Requirements
5-1.3-6-14. Insurance; Guaranty
5-1.3-6-15. Agreements for Credit Enhancement or Liquidity Support
5-1.3-6-16. Contracts for Handling Securities and Money
5-1.3-6-18. Bonds and Notes; Purchasing; Holding; Canceling; Reselling