Sec. 8. (a) With respect to all leases and contracts entered into by the authority with the Indiana department of transportation, the Indiana department of administration, a fund or program established under IC 5-1.2-10, or any other entity to support obligations, the lease or contract may provide that payments under a swap agreement are treated as a debt service on the obligations or as additional rental or other payment due under the lease or contract as the authority may determine.
(b) The authority may determine that payments under a swap agreement may be integrated with payments on obligations for the purpose of meeting any statutory requirements related to the issuance of obligations.
As added by P.L.55-1994, SEC.1. Amended by P.L.273-1999, SEC.48; P.L.189-2018, SEC.70.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 9.5. Transportation Agencies
Chapter 9. Powers and Duties of Authorities Related to Swap Agreements
8-9.5-9-1. Construction and Application of Chapter
8-9.5-9-5. Powers and Duties of Authorities
8-9.5-9-7. Credit Enhancement and Liquidity Agreements