Sec. 1. If a board finds that a refunding of outstanding bonds would:
(1) be of benefit to the health and welfare of the district; and
(2) comply with the purposes and provisions of this article;
the board may authorize the issuance of bonds under IC 5-1-5 to refund outstanding bonds issued in accordance with this article or IC 13-9.5-9 (before its repeal).
[Pre-1996 Recodification Citation: 13-9.5-9-6.]
As added by P.L.1-1996, SEC.11.
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