Issuance of bonds to refund outstanding bonds

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.