Indiana Code
Chapter 1. Indiana Housing and Community Development Authority
5-20-1-20. Authority to Accept and Expend Funds

Sec. 20. Authority to Accept and Expend Funds. The authority is authorized to accept and expend such moneys as may be received from any source, including income from the authority's operations, for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation, and the establishment of a reserve or contingency fund to be available for the payment of the principal of and the interest on any bonds or notes of the authority.
As added by Acts 1978, P.L.28, SEC.1.

Structure Indiana Code

Indiana Code

Title 5. State and Local Administration

Article 20. Housing

Chapter 1. Indiana Housing and Community Development Authority

5-20-1-1. Legislative Findings and Declaration of Public Policy

5-20-1-2. Definitions

5-20-1-3. Authority Creation; Membership; Terms; Expenses; References to Indiana Housing Finance Authority

5-20-1-3.5. Surety Bonds

5-20-1-4. Powers of the Authority

5-20-1-4.1. Repealed

5-20-1-4.5. Housing for Special Needs Populations; Allocation of Federal Low Income Housing Credits

5-20-1-5. Repealed

5-20-1-6. Repealed

5-20-1-7. State Not Liable for Obligations of the Indiana Housing and Community Development Authority

5-20-1-8. Authorization to Use Revenue Bond Financing; Approval of Public Finance Director Required

5-20-1-9. Trust Agreements to Secure Authority Obligations

5-20-1-10. Pledge of Authority Assets to Obligations of the Authority

5-20-1-11. Receipts as Trust Funds; Investment

5-20-1-12. Enforcement of Authority Duties; Rights of Holders of Authority Obligations

5-20-1-13. Declaration of Negotiability of Authority Obligations

5-20-1-14. Authority Obligations as Authorized Investments

5-20-1-15. Authorization for Issuance of Refunding Obligations

5-20-1-16. Capital Reserve Fund

5-20-1-17. State Power to Alter Authority; Pledge Against Impairment of Authority Contracts

5-20-1-18. Annual Report; Annual Audit

5-20-1-19. Limitation of Liability; Authority Members or Officers

5-20-1-20. Authority to Accept and Expend Funds

5-20-1-21. Tax Exempt Status

5-20-1-22. Disclosure of Conflicts of Interest

5-20-1-23. Authority Assets; Disposition Upon Termination or Dissolution

5-20-1-24. Chapter as Supplemental to Other Laws

5-20-1-25. Liberal Construction

5-20-1-26. Chapter Controlling

5-20-1-27. Home Ownership Education Account Established