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5-1.2-4-6. Power to borrow money and issue bonds

IN Code § 5-1.2-4-6 (2019) (N/A)
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Sec. 6. (a) The authority has the power to borrow money and to issue its bonds from time to time in the principal amounts as the authority determines are necessary to provide sufficient funds to carry out its purposes, powers, and programs, including:

(1) carrying out the purposes, powers, and programs stated in this article;

(2) the payment of interest on bonds of the authority;

(3) the establishment of reserves to secure the bonds; and

(4) all other expenditures of the authority incident to, necessary, and convenient to carry out the authority's purposes, powers, and programs.

(b) The authority may also issue bonds in the manner and for the purposes provided by the referenced statutes.

As added by P.L.189-2018, SEC.25.

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