Sec. 17. Any loan contract issued under this chapter is issued by a body corporate and politic of this state, but not a state agency, and for essential public and governmental purposes. A loan contract, the interest on it, the proceeds received by a holder from the sale of a loan contract to the extent of the holder's cost of acquisition, the proceeds received upon redemption before maturity, the proceeds received at maturity, and the receipt of the interest and proceeds are exempt from taxation as provided in IC 6-8-5.
As added by P.L.28-1991, SEC.2.
Structure Indiana Code
Title 8. Utilities and Transportation
8-21-12-4. "Aviation Related Property or Facilities"
8-21-12-10.5. Applicability to the Authority
8-21-12-12. Recovery of Damages
8-21-12-13. Zoning Restrictions
8-21-12-14. Eminent Domain; Public Utility Property
8-21-12-15. Finances of Authority; Bonds
8-21-12-16. Loans to the Authority
8-21-12-17. Loan Contracts; Tax Exemptions
8-21-12-18. Officers and Employees; Bonds; Surety
8-21-12-19. Airports and Landing Fields; Establishment; Tax Exemption
8-21-12-20. Bonds; Issuance by Fiscal Bodies of Local Entities
8-21-12-21. Airports and Other Navigation Facilities; Receipt of Funds; Grants