Sec. 12. If an eligible political subdivision exercises its option to purchase leased property, the eligible political subdivision may issue its bonds as authorized by statute. As added by P.L.214-2005, SEC.73.
Option to purchase property
Ind. Code § 36-7.5-4-12, under Financing; Issuance of Bonds; Leases.
Ind. Code § 36-7.5-4-12