Indiana Code
Title 5. State and Local Administration
Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District

Chapter 1. Legislative Findings of Fact

5-1.3-1-0.5. Obligations Legalized and Validated - Sec. 0.5. (a) All bonds, notes, evidences of indebtedness, leases,...

5-1.3-1-1. Findings; Declaration - Sec. 1. (a) The general assembly makes the following findings...

5-1.3-1-2. Supplemental and Additional Powers - Sec. 2. This article provides an additional and alternative method...

5-1.3-1-3. Conflicting Provisions - Sec. 3. This article is necessary for the welfare of...

5-1.3-1-4. Leases; Authorization - Sec. 4. This article contains full and complete authorization for...

5-1.3-1-5. Applicability - Sec. 5. (a) This article: (1) applies to: (A) the...

5-1.3-1-6. Conflicting Requirements - Sec. 6. When acting pursuant to powers specifically granted in...

5-1.3-1-7. Authorization - Sec. 7. The IFA, the NWIRDA, and the NICTD may...

5-1.3-1-8. Contesting the Validity of an Action - Sec. 8. (a) An action to contest the validity of...

Chapter 2. Definitions

5-1.3-2-1. Applicability - Sec. 1. The definitions in this chapter apply throughout this...

5-1.3-2-2. "Bonds" - Sec. 2. "Bonds" refers to bonds of: (1) the IFA...

5-1.3-2-3. "Capitalized Interest" - Sec. 3. "Capitalized interest" means interest cost on bonds or...

5-1.3-2-4. "Construction" - Sec. 4. "Construction" means constructing, acquiring, renovating, rehabilitating, reconstructing, improving,...

5-1.3-2-5. "Costs" - Sec. 5. "Costs" as applied to any rail project, includes...

5-1.3-2-6. "Ifa" - Sec. 6. "IFA" refers to the Indiana finance authority established...

5-1.3-2-7. "Nictd" - Sec. 7. "NICTD" refers to the northern Indiana commuter transportation...

5-1.3-2-8. "Notes" - Sec. 8. "Notes" refers to notes of the IFA or...

5-1.3-2-9. "Nwirda" - Sec. 9. "NWIRDA" refers to the northwest Indiana regional development...

5-1.3-2-10. "Obligations" - Sec. 10. "Obligations" means bonds, loan contracts, notes, bond anticipation...

5-1.3-2-11. "Person" - Sec. 11. "Person" means any individual, entity, or organization of...

5-1.3-2-12. "Political Subdivision" - Sec. 12. "Political subdivision" has the meaning set forth in...

5-1.3-2-13. "Property Owner" - Sec. 13. "Property owner" means all individuals, copartnerships, associations, governmental...

5-1.3-2-14. "Rail Project" - Sec. 14. "Rail project" refers only to a rail project...

5-1.3-2-15. "Unit" - Sec. 15. "Unit" has the meaning set forth in IC...

Chapter 3. General Provisions

5-1.3-3-1. Contracting; Authorization - Sec. 1. (a) The IFA may contract with the NWIRDA...

5-1.3-3-2. Financing; Authorization - Sec. 2. The IFA and the NWIRDA may finance rail...

5-1.3-3-3. Cooperative Efforts; Authorization - Sec. 3. (a) The IFA may exercise any powers provided...

5-1.3-3-4. Authorized Payment; Sources of Money - Sec. 4. (a) The IFA may pay or reimburse the...

5-1.3-3-5. Property Transactions; General Authorization - Sec. 5. The IFA, the NWIRDA, or the NICTD may...

5-1.3-3-6. Property Transactions Involving a Rail Project; Authorization - Sec. 6. The IFA, the NWIRDA, or the NICTD may...

5-1.3-3-7. Contracting; Authorization - Sec. 7. The IFA, the NWIRDA, or the NICTD (each...

5-1.3-3-8. Grants; Authorization - Sec. 8. The IFA, the NWIRDA, or the NICTD (each...

5-1.3-3-9. Gifts; Authorization - Sec. 9. The IFA, the NWIRDA, or the NICTD may...

5-1.3-3-10. Transfers of Rail Projects; Authorization - Sec. 10. The IFA, the NWIRDA, or the NICTD may...

5-1.3-3-11. Eminent Domain; Authorization - Sec. 11. The IFA, the NWIRDA, or the NICTD may:...

5-1.3-3-12. Lease or Transfer of Property Without Competitive Bidding; Authorization - Sec. 12. (a) The state, acting through the governor, may...

5-1.3-3-13. Exemption From Taxation - Sec. 13. All property of the IFA, the NWIRDA, or...

5-1.3-3-14. Exemption From Public Purchasing and Public Works Statutes - Sec. 14. (a) Notwithstanding IC 36-7.5-2-8, the NWIRDA and the...

Chapter 4. Contracts

5-1.3-4-1. Contracts for Rail Projects - Sec. 1. (a) The IFA, the NWIRDA, and the NICTD...

5-1.3-4-2. Contract Provisions - Sec. 2. A contract may include the following: (1) Provisions...

Chapter 5. Leases

5-1.3-5-1. Authorization to Enter Into Leases - Sec. 1. (a) In addition to its other powers, the...

5-1.3-5-2. Lease Provisions - Sec. 2. (a) If lease rental payments under a lease...

5-1.3-5-3. Transfers, Leases, and Leasebacks - Sec. 3. The NWIRDA may sell, transfer, or convey by...

5-1.3-5-4. Payment of Lease Rentals and Securing Bonds - Sec. 4. The NWIRDA shall pay lease rentals for leases...

5-1.3-5-5. Lease Terms - Sec. 5. (a) Before a lease may be entered into...

5-1.3-5-6. Complete Authority - Sec. 6. This chapter contains full and complete authority for...

5-1.3-5-7. Additional Authorization - Sec. 7. (a) The NWIRDA may lease for a nominal...

5-1.3-5-8. Financing Upon Termination of Lease - Sec. 8. If the NWIRDA exercises its option to purchase...

5-1.3-5-9. Ground, Operating, and Maintenance Leases - Sec. 9. This chapter contains full and complete authority for...

5-1.3-5-10. Transfer of Rail Project Upon Payment of Obligation in Full - Sec. 10. The IFA shall certify to the NWIRDA and...

Chapter 6. Bonds and Notes

5-1.3-6-1. Authorization to Issue and Sell Bonds and Notes - Sec. 1. (a) Except as provided in sections 2 and...

5-1.3-6-2. Requirements - Sec. 2. (a) Before the issuance of bonds or notes,...

5-1.3-6-3. Notice; Action to Contest Validity - Sec. 3. (a) Before issuing a series of bonds or...

5-1.3-6-4. Execution - Sec. 4. (a) The bonds or notes of the IFA:...

5-1.3-6-5. Attributes of Bonds and Notes - Sec. 5. The bonds or notes, when issued, have all...

5-1.3-6-6. Sale - Sec. 6. The bonds or notes may be sold by...

5-1.3-6-7. Proceeds; Appropriation - Sec. 7. The proceeds of the bonds or notes are...

5-1.3-6-8. Declaration Concerning Liability; Sources or Repayment - Sec. 8. The bonds or notes: (1) constitute the corporate...

5-1.3-6-9. Enforcement - Sec. 9. The provisions of this article and the covenants...

5-1.3-6-10. Exemption From Taxation - Sec. 10. (a) All bonds or notes issued under this...

5-1.3-6-11. Authorization to Invest - Sec. 11. Notwithstanding any other law, all financial institutions, investment...

5-1.3-6-12. Exemption From Registration Requirements - Sec. 12. Bonds or notes issued under this chapter are...

5-1.3-6-13. Pledges - Sec. 13. A pledge of lease rentals, proceeds of bonds...

5-1.3-6-14. Insurance; Guaranty - Sec. 14. (a) The IFA may obtain from the NWIRDA...

5-1.3-6-15. Agreements for Credit Enhancement or Liquidity Support - Sec. 15. The IFA or the NWIRDA may enter into...

5-1.3-6-16. Contracts for Handling Securities and Money - Sec. 16. The IFA or the NWIRDA may enter into...

5-1.3-6-17. Trust Agreement - Sec. 17. (a) In the discretion of the IFA or...

5-1.3-6-18. Bonds and Notes; Purchasing; Holding; Canceling; Reselling - Sec. 18. (a) The IFA may purchase bonds or notes...

5-1.3-6-19. Investment; Authorization - Sec. 19. Funds or money held by the IFA, the...

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Indiana Code Title 5. State and Local Administration Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District

Indiana Code
Title 5. State and Local Administration
Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District