Sec. 8. The bonds or notes:
(1) constitute the corporate obligations of the IFA or the NWIRDA;
(2) do not constitute an indebtedness of the state within the meaning or application of any constitutional provision, prohibition, or limitation; and
(3) are payable solely as to both principal and interest from:
(A) the revenues from a lease to the NWIRDA, if any;
(B) other available revenues, if any;
(C) proceeds of bonds or notes, if any; or
(D) investment earnings on proceeds of bonds or notes.
As added by P.L.189-2018, SEC.26.
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