Sec. 1. The bank, to carry out the purposes and policies of this article, may purchase securities of the qualified entity, including any securities issued by a school corporation to refund bonds or other obligations that were issued or entered into by a school corporation before that school corporation completed a consolidation or merger under IC 20-23 or any other law. Notwithstanding any law to the contrary, a qualified entity may sell its securities to the bank at a negotiated, private sale. The bank, for this purpose, may issue its bonds and notes payable solely from the revenues or funds available to the bank for such payment and may otherwise assist qualified entities as provided in this article.
As added by P.L.25-1984, SEC.1. Amended by P.L.28-1992, SEC.3; P.L.140-2014, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.5. Indiana Bond Bank
Chapter 8. Loans to Qualified Entities
5-1.5-8-2. Securities to Be Purchased and Held in Name of Bank; Required Documentation
5-1.5-8-3. Contracts With Bank; Terms and Conditions; Fees and Charges; Denomination and Prices
5-1.5-8-5.1. Authorization to Convey Revenue or Taxes to Issuing Entity
5-1.5-8-6.1. Anticipation Notes; Issuance and Purchase
5-1.5-8-7. Investment and Reinvestment; Securities Sold to Bank