Sec. 1. There is established the Indiana bond bank, a separate body corporate and politic, constituting an instrumentality of the state for the public purposes set out in this article, but not a state agency. The bank is separate from the state in its corporate and sovereign capacity. The purpose of the bank as described in IC 5-1.5-4 is to buy and sell securities and to make loans to qualified entities.
As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.4.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.5. Indiana Bond Bank
Chapter 2. Establishment and Organization
5-1.5-2-1. Indiana Bond Bank; Establishment; Nature; Purpose
5-1.5-2-2. Board of Directors; Establishment; Powers; Membership; Appointment; Vacancy
5-1.5-2-5. Action by Affirmative Vote of Three Directors; Effect of Vacancy
5-1.5-2-6. Surety Bonds; Issuer; Cost
5-1.5-2-8. Liability on Bonds or Notes