Pledge of money in industrial development fund

Sec. 17. Money in the industrial development fund may be pledged by an advisory commission for the following purposes: (1) To pay debt service on bonds or other obligations issued under this chapter. (2) To establish and maintain a debt service reserve established by the advisory commission. As added by P.L.125-1998, SEC.21. Amended by P.L.1-1999, SEC.82.