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115 chapters · 1,698 sections in this title.
Ind. Code § 15-13-8-9 Use of money
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Sec. 9. The commission may use money in funds created under section 8 of this chapter for activities of the commission authorized under this article. [Pre-2008 Recodification Citation: 15-1.5-7-9.] As added by P.L.2-2008, SEC.4.
Ind. Code § 15-14-8-1 Authority to issue first mortgage bonds
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Sec. 1. All: (1) agricultural or horticultural societies; or (2) county fairs having a state charter; owning at least fifty (50) acres of real estate in fee simple may issue first mortgage bonds in a maximum amount of seventy-five percent (75%) of the value of the real estate uni…
Ind. Code § 15-14-8-2 Bonds; tax exemption; duration; sale price
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Sec. 2. (a) Bonds issued under section 1 of this chapter: (1) are free from state tax; and (2) may not be issued for a period longer than the life of the charter of the society or fair. (b) The bonds may be sold at a price less than the par value if the action is endorsed by a fu…
Ind. Code § 15-14-8-3 Surplus; use to retire bonds
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Sec. 3. If bonds have been issued under section 1 of this chapter and there is a surplus in the treasury of the society or fair, funds not needed for improvements on the grounds must be used to retire the bonds. Bonds must be retired in the order of their seniority, and a clause …