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5-1.2-7-9. Bonds; additional security authorized

IN Code § 5-1.2-7-9 (2019) (N/A)
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Sec. 9. Bonds of the authority issued to finance or refinance a health facility or health facility property may also be secured by and payable from:

(1) a pooling of leases whereby the authority may assign its rights, as lessor, and pledge rents under two (2) or more leases of health facility property with two (2) or more participating providers, as lessees; or

(2) a pooling of notes and mortgages or other security instruments whereby the authority may assign its rights as payee or secured party and pledge the revenues under two (2) or more notes and loan agreements from two (2) or more participating providers;

upon the terms as may be provided for in bond resolutions or other instruments under which the bonds are issued.

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

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5-1.2-7-8. Bond resolutions or related instruments; provisions
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5-1.2-7-10. Payment of expenses