Sec. 14. (a) In anticipation of the money to be received from any source, a board may borrow money by issuing notes. The notes: (1) must mature in not more than two (2) years; and (2) may be renewed for periods of not more than two (2) years. (b) The borrowing may be by direct negotiation with any of the following: (1) A bank or savings association licensed to do business in Indiana. (2) An agent of the state or federal government. [Pre-1995 Recodification Citation: 13-3-3-70.] As added by P.L.1-1995, SEC.26.
Note issuance
Ind. Code § 14-33-7-14, under Chapter 7. Payment of Expenses.
Ind. Code § 14-33-7-14