Indiana Code
Title 5. State and Local Administration
Article 1. Bonds and Other Obligations

5-1-6-4. Authorization by Ordinance or Resolution; Municipally Owned Public Utility; Any Enterprise - Sec. 4. (a) The refunding bonds shall be authorized by...

5-1-6-5. Terms and Covenants of Refunding Bonds; Negotiability - Sec. 5. The refunding bonds may be issued in one...

5-1-6-6. Validity of Authorization; Issuance and Obligations; Recitals in Bond - Sec. 6. Refunding bonds bearing the signatures of officers of...

5-1-6-7. Sale and Exchange of Refunding Bonds - Sec. 7. (a) The refunding bonds may be sold or...

5-1-6-8. Lien on Revenues of Enterprise to Secure Bonds; Additional Security; Priority; Restrictions - Sec. 8. (a) The refunding bonds shall be special obligations...

5-1-6-9. Liability of Issuing Body - Sec. 9. (a) No recourse shall be had for the...

5-1-6-10. Exemption From Taxation; Exception - Sec. 10. The refunding bonds and the income therefrom shall...

5-1-6-11. Fiscal Agent - Sec. 11. Any issuing body shall have power in connection...

5-1-6-12. Duties of Issuing Body and Others to Secure Payment of Bonds and Interest - Sec. 12. (a) In order that the payment of the...

5-1-6-13. Additional Powers of Governing Body; Restrictions - Sec. 13. (a) The governing body shall have power, in...

5-1-6-14. Default in Payment of Principal or Interest of Bonds; Receiver; Rights and Powers; Subsequent Defaults; Supervision of Courts - Sec. 14. (a) In the event that the issuing body...

5-1-6-15. Remedy - Sec. 15. (a) Subject to any contractual limitations binding upon...

5-1-6-16. Powers Conferred by Chapter - Sec. 16. This chapter constitutes full and complete authority for...

Chapter 7. Redemption Bonds of Counties and Townships

5-1-7-1. Contract With Bond Owner to Pay Matured Bond by Issuing Redemption Bond - Sec. 1. Whenever the bond fund of any county or...

5-1-7-2. Partial Payments of Principal With Interest Accrued; Form of Contract; Cancellation of Matured Bond - Sec. 2. The contract entered into by the board of...

5-1-7-3. Execution of Contract; Procedure - Sec. 3. All contracts so entered into shall be executed...

5-1-7-4. Calculation of Tax Levy Necessary to Make Payments on Principal and Interest on Redemption Bonds; Submission to County Council - Sec. 4. At the time when the annual estimates are...

5-1-7-5. "Bond Owner" or "Bondholder" Defined - Sec. 5. The term "bond owner" or "bondholder" shall be...

5-1-7-6. Validity or Priority of Lien of Bond Against Taxable Property - Sec. 6. Neither the provisions of this chapter nor any...

5-1-7-7. "Bond" and "Bond Fund" Defined - Sec. 7. The term "bond" as used in this chapter...

Chapter 8. Judgment Funding Bonds of Counties

5-1-8-1. Issuance and Sale of Judgment Funding Bonds; Purpose; Authority; Restrictions - Sec. 1. The county council may, in its discretion, authorize...

Chapter 9. Refunding Bonds of Cities and Towns

5-1-9-1. Issuance; Purpose; Restrictions - Sec. 1. Any city or town whose indebtedness is evidenced...

Chapter 10. Funding and Refunding Bonds of Townships

5-1-10-1. Issuance; Purpose; Restrictions - Sec. 1. Any civil township in the state whose indebtedness...

Chapter 11. Procedures for Selling Bonds

5-1-11-1. Public Sale; Negotiated Sale; "Bonds"; Sale to Federal Government - Sec. 1. (a) Except as otherwise provided in this chapter...

5-1-11-2. Publication of Notice of Sale; Publication of Notice of Intent to Sell - Sec. 2. (a) Notice of sale of bonds sold at...

5-1-11-3. Maximum Interest Rate to Be Fixed; Notice of Intent to Sell; Bidding Awards; Continuation of Sale; Price of Bonds; Action to Contest Validity - Sec. 3. (a) In authorizing and advertising such bonds for...

5-1-11-4. Prohibitions; Advantage in Bidding; Payment Before Delivery; Technical Services - Sec. 4. (a) It shall be unlawful for any officer...

5-1-11-5. Transcript of Proceedings Relative to Issuance of Bonds to Be Furnished to Purchaser - Sec. 5. Whenever any bonds are sold, there shall be...

5-1-11-6. Other Statutory Authorization to Issue and Exchange Bonds for Refunding or Redeeming Outstanding Bonds - Sec. 6. (a) In cases where other statutes authorize the...

5-1-11-7. Restrictions on Powers - Sec. 7. Nothing in this chapter contained shall be so...

Chapter 11.5. Additional Requirements for the Issuance of Bonds

5-1-11.5-1. "Adm" - Sec. 1. As used in this chapter, "ADM" has the...

5-1-11.5-2. "Bonds" - Sec. 2. As used in this chapter, "bonds" means any...

5-1-11.5-3. Application to Certain School Corporations - Sec. 3. This section applies only to a school corporation...

5-1-11.5-4. Application to Certain Counties and Municipalities - Sec. 4. This section applies only to the following: (1)...

Chapter 12. Payment of Bond Premiums

5-1-12-1. "Municipal Corporation" Defined - Sec. 1. The term "municipal corporation" means a county, township,...

5-1-12-2. Premiums on Bid Prices to Constitute Part of Fund to Retire Bond and Pay Interest Thereon - Sec. 2. Whenever any bonds are sold by any municipal...

Chapter 13. Disposition of Surplus Bond Proceeds

5-1-13-1. Definitions - Sec. 1. The definitions in this section apply throughout this...

5-1-13-2. Use of Surplus Proceeds - Sec. 2. (a) Notwithstanding any other law, whenever: (1) bonds...

5-1-13-3. Income From Investment of Proceeds of Sale of Bonds; Application - Sec. 3. Notwithstanding any other law, income from the investment...

Chapter 14. Miscellaneous Provisions

5-1-14-1. Bonds, Notes, or Warrants Not Subject to Maximum Interest Rate Limitations - Sec. 1. (a) Any bonds, notes, or warrants, whether payable...

5-1-14-1.2. Issuer Defined - Sec. 1.2. As used in this chapter, "issuer" means any...

5-1-14-1.3. Definitions - Sec. 1.3. The following definitions apply throughout this chapter: (1)...

5-1-14-1.5. Obligations Defined - Sec. 1.5. As used in this chapter, "obligations" has the...

5-1-14-2. Provisions for Payment of Bonds, Notes, or Warrants Before Maturity Date - Sec. 2. Any bonds, notes, or warrants, whether payable from...

5-1-14-3. Maintenance of Federal Tax Exclusion From Gross Income for Interest on Bonds - Sec. 3. Notwithstanding any other law, any issuer may take...

5-1-14-4. Pledge Made by Issuer Binding; Lien - Sec. 4. (a) Notwithstanding any other law, a pledge of...

5-1-14-5. Bond Anticipation Notes; Issuance - Sec. 5. Notwithstanding any other law, any city, town, county,...

5-1-14-6. Use of Proceeds for Costs of Issuance of Obligation, Funding Debt Services Reserves, or Payment of Interest; Reimbursements - Sec. 6. (a) Notwithstanding any other law, an issuer may...

5-1-14-7. Application of Section; Stadium; Lease Rental Tax - Sec. 7. (a) This section applies to: (1) each county...

5-1-14-8. Money Withheld by Auditor as Not Creating Debt for Constitutional Purposes - Sec. 8. If a statute provides that amounts due under...

5-1-14-9. Rights of Owners of Obligations Not to Be Impaired - Sec. 9. (a) The general assembly covenants that it will...

5-1-14-10. Maximum Term or Repayment Period of Obligations; Continuation of Payments - Sec. 10. (a) If an issuer has issued obligations under...

5-1-14-11. Payment of Fees and Charges Authorized - Sec. 11. If an issuer is authorized by statute to...

5-1-14-12. Refunding Obligations - Sec. 12. Notwithstanding any other law, if an agency, an...

5-1-14-12.5. Purchase and Issuance of Obligations on Terms Reasonable to Issuer - Sec. 12.5. Notwithstanding any other law, an issuer may purchase...

5-1-14-13. Contesting Validity of Obligations - Sec. 13. The following provisions apply when an issuer negotiates...

5-1-14-14. Loans, Expenditures, and Issuance of Bonds for Economic Development - Sec. 14. (a) Notwithstanding any other law, a municipality may...

5-1-14-15. Bonds and Obligations to Fund Pension Benefits - Sec. 15. (a) Before July 1, 2008, a county or...

5-1-14-16. Payment of Principal and Interest on Obligations in Nearly Equal Payment Amounts and at Regular Designated Intervals; Exceptions - Sec. 16. (a) This section applies to obligations that are:...

5-1-14-17.2. Bond Financing; Swap Agreement Restrictions - Sec. 17.2. (a) This section does not apply to a...

5-1-14-18. Validity of Electronic Signatures - Sec. 18. In connection with the issuance by the issuer...

Chapter 15. Fully Registered and Book Entry Obligations

5-1-15-1. Application of Chapter - Sec. 1. This chapter applies to any entities issuing bonds...

5-1-15-2. Form of Obligations; Interchangeable Nature - Sec. 2. Notwithstanding any other provision of law, bonds, notes,...

5-1-15-3. Delivery; Registrar or Paying Agent; Deposit; Certificates - Sec. 3. (a) Bonds, notes, evidences of indebtedness, or other...

5-1-15-4. Employment of Bank or Trust Company - Sec. 4. The entity may employ any bank or trust...

5-1-15-5. Confidentiality of Books and Records - Sec. 5. Notwithstanding any other provision of law, registers or...

5-1-15-6. Register - Sec. 6. Registrars of bond issues shall keep a register...

Chapter 16. Repealed - Repealed by P.L.189-2018, SEC.19.

Chapter 16.5. Repealed - [Pre-2007 Higher Education Recodification Citations: Repealed by P.L.189-2018, SEC.20.

Chapter 17. Indiana Stadium and Convention Building Authority

5-1-17-0.3. General Assembly Findings - Sec. 0.3. The general assembly finds the following: (1) Marion,...

5-1-17-1. "Authority" - Sec. 1. As used in this chapter, "authority" refers to...

5-1-17-2. "Board" - Sec. 2. As used in this chapter, "board" refers to...

5-1-17-3. "Bonds" - Sec. 3. As used in this chapter, "bonds" means bonds,...

5-1-17-4. "Capital Improvement Board" - Sec. 4. As used in this chapter, "capital improvement board"...

5-1-17-5. "State Agency" - Sec. 5. As used in this chapter, "state agency" has...

5-1-17-6. Establishment - Sec. 6. An Indiana stadium and convention building authority is...

5-1-17-7. Membership - Sec. 7. (a) The board is composed of the following...

5-1-17-8. Meetings; Officers; Quorum - Sec. 8. (a) The board shall hold an initial organizational...

5-1-17-9. Bylaws; Rules; Code of Ethics - Sec. 9. (a) The board may adopt the bylaws and...

5-1-17-9.5. Personal Liability of Members or Employees - Sec. 9.5. The: (1) members of the authority; (2) officers...

5-1-17-10. Purpose - Sec. 10. The authority is organized for the following purposes:...

5-1-17-11. Powers - Sec. 11. (a) The authority may also: (1) finance, improve,...

5-1-17-12. Bonds; Refunding; Leases; Property - Sec. 12. (a) Bonds issued under IC 36-10-8 or IC...

5-1-17-13. Lease; Findings; Term; Conditions - Sec. 13. (a) Before a lease may be entered into...

5-1-17-14. Complete Authority - Sec. 14. This chapter contains full and complete authority for...

5-1-17-15. Capital Improvement Plans and Specifications; Approval - Sec. 15. If the lease provides for a capital improvement...

5-1-17-16. Agreements; Common Wall; Easements; Licenses - Sec. 16. The authority and a capital improvement board may...

5-1-17-17. Capital Improvement; Land; Sale; Lease - Sec. 17. (a) A capital improvement board may lease for...

5-1-17-18. Bond Issues - Sec. 18. (a) Subject to subsection (h), the authority may...

5-1-17-18.3. Prohibition on Certain Contract Limitations for a Project - Sec. 18.3. (a) The following definitions apply throughout this section:...

5-1-17-18.5. Negotiating With a Single Bidder for a Project - Sec. 18.5. (a) This section applies to bids received with...

5-1-17-19. Bonds; Complete Authority - Sec. 19. This chapter contains full and complete authority for...

5-1-17-20. Bonds; Legal Investments - Sec. 20. Bonds issued under this chapter are legal investments...

5-1-17-21. Bonds; Security - Sec. 21. (a) The authority may secure bonds issued under...

5-1-17-22. Bond Issue for Leased Property Purchase - Sec. 22. If a capital improvement board exercises its option...

5-1-17-23. Tax Exemption - Sec. 23. All: (1) property owned by the authority; (2)...

5-1-17-24. Bonds; Contesting Validity - Sec. 24. Any action to contest the validity of bonds...

5-1-17-25. Bonds; Maximum Amount; Conditions - Sec. 25. The authority shall not issue bonds in a...

5-1-17-26. Leases Between Authority and State Agency - Sec. 26. (a) Notwithstanding any other law, any capital improvement...

5-1-17-27. Real Property Conveyance Without Bid or Advertisement - Sec. 27. In order to enable the authority to lease...

5-1-17-28. Lease Payments From Taxes; Budget Director Designee - Sec. 28. If the authority enters into a lease with...

Chapter 17.5. Motorsports Investment District

5-1-17.5-1. Legislative Findings - Sec. 1. The general assembly finds the following: (1) Marion...

5-1-17.5-2. "Admissions Fees" - Sec. 2. As used in this chapter, "admissions fees" means...

5-1-17.5-3. Repealed - As added by P.L.233-2013, SEC.5. Repealed by P.L.189-2018, SEC.22.

5-1-17.5-4. "Authority" - Sec. 4. As used in this chapter, "authority" refers to...

5-1-17.5-5. "Board" - Sec. 5. As used in this chapter, "board" refers to...

5-1-17.5-6. "Bonds" - Sec. 6. As used in this chapter, "bonds" has the...

5-1-17.5-7. "Budget Agency" - Sec. 7. As used in this chapter, "budget agency" means...

5-1-17.5-8. "Budget Committee" - Sec. 8. As used in this chapter, "budget committee" means...

5-1-17.5-9. "Commission" - Sec. 9. As used in this chapter, "commission" refers to...

5-1-17.5-10. "Department" - Sec. 10. As used in this chapter, "department" refers to...

5-1-17.5-11. "Motorsports Investment District" - Sec. 11. As used in this chapter, "motorsports investment district"...

5-1-17.5-12. "Person" - Sec. 12. As used in this chapter, "person" has the...

5-1-17.5-13. "Political Subdivision" - Sec. 13. As used in this chapter, "political subdivision" has...

5-1-17.5-14. "Qualified Motorsports Facility" - Sec. 14. (a) As used in this chapter, "qualified motorsports...

5-1-17.5-15. Commission Established; Purpose - Sec. 15. The Indiana motorsports commission is created in Indiana...

5-1-17.5-16. Board of Directors of the Commission - Sec. 16. (a) The board of directors of the commission...

5-1-17.5-17. Powers of the Commission - Sec. 17. The commission is authorized and empowered to do...

5-1-17.5-18. Staff Support and Expenses; Employees - Sec. 18. The authority shall provide staff support for the...

5-1-17.5-19. Surety Bonds of Directors - Sec. 19. (a) Except as provided in subsection (b), each...

5-1-17.5-20. Personal Liability of Directors - Sec. 20. The directors of the board are not subject...

5-1-17.5-21. Annual Audit - Sec. 21. The commission shall cause an audit or review...

5-1-17.5-22. Annual Report - Sec. 22. The commission shall, following the close of each...

5-1-17.5-23. Director's Interest in Contracts or in Sale or Lease of Property Prohibited - Sec. 23. (a) A director of the commission who knowingly...

5-1-17.5-24. Resolution by Commission Establishing a District; Public Hearing; Required Findings by Commission; Territory of District - Sec. 24. (a) The commission may, after a public hearing,...

5-1-17.5-25. Allocation of Amounts Appropriated to the Commission; Expiration Date of District - Sec. 25. A resolution establishing a motorsports investment district must...

5-1-17.5-26. Filing of Informational Tax Returns by Certain Taxpayers; Guidelines - Sec. 26. (a) A taxpayer operating in the motorsports investment...

5-1-17.5-27. Submission to the Budget Agency of Resolution Establishing District - Sec. 27. Upon adoption by the commission of a resolution...

5-1-17.5-28. Budget Committee Review; Approval by Budget Agency; Required Findings Before Resolution May Be Approved - Sec. 28. The budget agency, after review by the budget...

5-1-17.5-29. Information to Be Provided to Department of State Revenue - Sec. 29. (a) If the commission adopts a resolution establishing...

5-1-17.5-30. Motorsports Investment District Fund; Request for Appropriations; Use of Money in the Fund - Sec. 30. (a) If a motorsports investment district is established...

5-1-17.5-30.5. Establishment of Motorsports Facility Fund; Deposits; Reversions; Requests for Appropriations - Sec. 30.5. (a) If a motorsports investment district is established...

5-1-17.5-31. Powers of Indiana Finance Authority - Sec. 31. The authority may do any of the following:...

5-1-17.5-32. Lease of Structures and Improvements; Requirements - Sec. 32. (a) The commission may lease all or any...

5-1-17.5-33. Option to Renew Lease - Sec. 33. A lease from the authority to the commission...

5-1-17.5-34. Option to Purchase Leased Property; Conveyance of Property; Requirements - Sec. 34. (a) A lease from the authority to the...

5-1-17.5-35. Authorization and Execution of Leases by Commission Board of Directors - Sec. 35. Each lease under section 32 of this chapter...

5-1-17.5-36. Commission Approval of Financed Improvements; Liens and Security Interests; Transfer of Controlling Ownership Interest in Qualified Motorsports Facility; Credits Against Obligations of Owners - Sec. 36. (a) Improvements financed under this chapter must be...

5-1-17.5-37. Issuance of Bonds; Terms and Conditions; Use of Bond Proceeds - Sec. 37. (a) Subject to subsection (f), the authority may...

5-1-17.5-38. Authority for Certain Actions by the Commission and the Indiana Finance Authority; Bonds as Legal Investments - Sec. 38. (a) This chapter contains full and complete authority...

5-1-17.5-39. Securing of Bonds; Trust Indenture; Validity of Pledge or Assignment - Sec. 39. (a) The authority may secure bonds issued under...

5-1-17.5-40. Action to Contest Validity of Bonds - Sec. 40. Any action to contest the validity of bonds...

5-1-17.5-41. Equal Opportunities in Procurement and Contracting - Sec. 41. Improvements financed under this chapter are subject to...

5-1-17.5-42. Income Tax Withholding; Department of State Revenue Guidelines - Sec. 42. The department shall develop guidelines and instructions concerning...

5-1-17.5-43. Office of Management and Budget Review - Sec. 43. The office of management and budget shall in...

Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions

5-1-18-1. "Bonds" - Sec. 1. As used in this chapter,"bonds" means any bonds,...

5-1-18-2. "Department" - Sec. 2. As used in this chapter, "department" refers to...

5-1-18-3. "Lease" - Sec. 3. As used in this chapter, "lease" means a...

5-1-18-4. "Lease Rentals" - Sec. 4. As used in this chapter, "lease rentals" means...

5-1-18-5. "Political Subdivision" - Sec. 5. As used in this chapter, "political subdivision" has...

5-1-18-6. Information Report for Bonds and Leases - Sec. 6. A political subdivision that issues bonds or enters...

5-1-18-7. Bond Report Requirements; Uniformity; Electronic Submission - Sec. 7. (a) Except as provided by subsection (b), the...

5-1-18-8. Lease Report Requirements; Uniformity; Electronic Submission - Sec. 8. (a) Except as provided by subsection (b), the...

5-1-18-9. Bonds or Leases Outstanding; Annual Summary; Annual Verification - Sec. 9. (a) This subsection applies to reporting that occurs...

5-1-18-10. Compiled Reports; Electronic Data Base; Internet Publication - Sec. 10. The department shall: (1) compile an electronic data...

5-1-18-11. Information Submitted; Public Record - Sec. 11. Information submitted to the department under this chapter...

5-1-18-12. Rulemaking Power - Sec. 12. The department may adopt rules under IC 4-22-2...

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Indiana Code Title 5. State and Local Administration Article 1. Bonds and Other Obligations

Indiana Code
Title 5. State and Local Administration
Article 1. Bonds and Other Obligations