Taxable bonds; payment provisions

Ind. Code § 5-1.2-9-22, under Chapter 9. Economic Development Projects.

Ind. Code § 5-1.2-9-22

Sec. 22. Any resolution adopted to authorize the issuance of taxable bonds to fund a program under section 19(11) of this chapter may provide that the bonds are payable solely from: (1) revenues and receipts derived from the various financing agreements; or (2) the payments made under any other agreements to secure the obligations of the developers, users, related persons, or the authority. As added by P.L.189-2018, SEC.25.