Sec. 5. With respect to the programs specified in section 1(b) of this chapter, the capital interest fund may be used for the following purposes in addition to the purpose specified in section 4 of this chapter:
(1) To guarantee payment of debt service on bonds or notes.
(2) To pay premiums for bond insurance or debt service reserve insurance for bonds or notes.
(3) To pay credit enhancement, liquidity support, remarketing, or conversion fees for bonds or notes.
(4) To pay other costs of issuance of a bank transaction.
As added by P.L.38-1988, SEC.5.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.5. Indiana Bond Bank
5-1.5-6.5-1. Capital Principal Fund and Capital Interest Fund; Programs for Qualified Entities
5-1.5-6.5-2. Investments; Credit of Earnings
5-1.5-6.5-3. Capital Principal Fund; Debt Service; Agreement; Recovery
5-1.5-6.5-4. Required Debt Service Reserves; Budget Committee Review