Combining reserve funds

Ind. Code § 5-1.5-5-5, under Chapter 5. Reserve Fund.

Ind. Code § 5-1.5-5-5

Sec. 5. Subject to the provisions of any agreement with its holders, the bank may combine a reserve fund established for an issue of bonds or notes into one (1) or more reserve funds. As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.22.

IC 5-1.5-5-6 Certain qualified entities; debt service reserve appropriations not available Sec. 6. The provisions of section 4(a) of this chapter are not available to any bonds or notes issued by the bank to purchase securities of, or fund loans to, any qualified entity described in IC 5-1.5-1-8(5) or IC 5-1.5-1-8(6). As added by P.L.37-1991, SEC.4.