Sec. 9. The proceeds of the bonds or notes are appropriated for the purpose for which the bonds or notes may be issued and the proceeds shall be deposited and disbursed in accordance with any provisions and restrictions that the authority may provide in the resolution or trust agreement authorizing the issuance of the bonds or notes. The maturities of the bonds or notes, the rights of the owners, and the rights, duties, and obligations of the authority are governed in all respects by this article and the resolution or trust agreement.
As added by P.L.68-1988, SEC.12.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 14.5. Lease Financing for Transportation Systems
Chapter 6. Issuance of Bonds and Notes
8-14.5-6-1. Bond and Note Authorization
8-14.5-6-2. Approval; Identification of Funding Objectives
8-14.5-6-3. Weighted Average Useful Life of Project; Term of Bonds and Interest
8-14.5-6-4. Notice of Bond Issue; Publication; Time for Contesting Validity; Subsequent Leases
8-14.5-6-5. Bond and Note Provisions; Weighted Average Life
8-14.5-6-6. Manual or Facsimile Signatures; Seal
8-14.5-6-7. Negotiable Instrument Nature of Bonds or Notes
8-14.5-6-8. Public or Negotiated Sale
8-14.5-6-9. Appropriated Purpose of Proceeds; Maturities
8-14.5-6-10. Bonds or Notes of Authority Not State Indebtedness; Funds From Which Payable
8-14.5-6-11. Enforcement of Article and Undertaking
8-14.5-6-13. Bonds and Notes as Legal Investment
8-14.5-6-14. Security Registration Exemption
8-14.5-6-16. Insurance or Guaranty of Payment
8-14.5-6-17. Credit Enhancement or Liquidity Support Agreements
8-14.5-6-18. Service Agreements With Financial Institutions
8-14.5-6-19. Trust Agreements or Resolutions