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.232-2007, SEC.7.
Option to purchase property
Ind. Code § 36-7.6-4-12, under Financing; Issuance of Bonds; Leases.
Ind. Code § 36-7.6-4-12