Sec. 13. The notes and the authorization, issuance, sale, and delivery of the notes are not subject to any general statute concerning obligations issued by the local governmental entity borrower. This chapter contains full and complete authority for the making of the loan, the authorization, issuance, sale, and delivery of the notes, and the repayment of the loan by the borrower, and no law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by any officer, department, agency, or instrument of the state or of any political subdivision is required to make the loan, issue the notes, or repay the loan except as prescribed in this chapter.
As added by P.L.182-2009(ss), SEC.153.
Structure Indiana Code
Chapter 21.1. Rainy Day Fund Loans to the City of Laporte
6-1.1-21.1-2. Findings of General Assembly
6-1.1-21.1-3. City May Apply to Board for Loan
6-1.1-21.1-4. Board Determines Terms of Any Loan After Review by Budget Committee
6-1.1-21.1-5. Interest on Loan
6-1.1-21.1-6. Limit on Amount of Loan
6-1.1-21.1-7. Term of Loan Repayment; Penalty
6-1.1-21.1-8. Disbursement of Loan Proceeds by Board
6-1.1-21.1-9. Repayment of Loan by City From Any Revenue Sources
6-1.1-21.1-10. Obligation to Repay Loan Not Basis to Obtain Excessive Tax Levy
6-1.1-21.1-11. Deposit by Board of Loan Payments
6-1.1-21.1-12. Loan Proceeds Received Not Considered Part of Levy Excess
6-1.1-21.1-13. Chapter Constitutes Complete Authority for Loans
6-1.1-21.1-14. Treasurer of State Payment of Delinquent Loan Payments From City Funds Held by State