Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION
355 chapters · 3,747 sections in this title.
Ind. Code § 5-1.2-8-17 Issuance of bonds
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Sec. 17. The authority may provide for the issuance of bonds of the authority: (1) to refund any bonds of the authority then outstanding, including the payment of any redemption premium on the bonds and any interest accrued or to accrue to the earlier or any subsequent date of re…
Ind. Code § 5-1.2-8-18 Bonds; use of proceeds
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Sec. 18. The proceeds of any bonds issued for the purpose of refunding outstanding bonds may, in the discretion of the authority: (1) be applied to the purchase or retirement at maturity or redemption of the outstanding bonds either on their earliest or any subsequent redemption …
Ind. Code § 5-1.2-8-19 Escrowed proceeds
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Sec. 19. Any escrowed proceeds, pending use for the refunding of outstanding bonds, may be invested and reinvested in: (1) direct obligations of the United States of America; or (2) obligations having the timely payment of principal and interest unconditionally guaranteed by the …
Ind. Code § 5-1.2-8-2 Applicability
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Sec. 2. This chapter applies only to educational facilities and not to any other facilities financed by the authority. As added by P.L.189-2018, SEC.25.
Ind. Code § 5-1.2-8-20 Bonds; authority to refund
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Sec. 20. All bonds issued to refund outstanding bonds of the authority are subject to this chapter in the same manner and to the same extent as other bonds issued under this chapter. As added by P.L.189-2018, SEC.25.
Ind. Code § 5-1.2-8-21 Competitive bidding requirement
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Sec. 21. Except as provided in IC 21-36-2, an educational facility project is not subject to any statutory requirement of competitive bidding or other restriction imposed on the procedure for award of contracts or the lease, sale, or other disposition of property with regard to a…
Ind. Code § 5-1.2-8-22 Powers of authority; financing
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Sec. 22. Notwithstanding any other provision of this chapter, the authority may: (1) finance the cost of an educational facility or refund outstanding indebtedness of a nonprofit college or university, as authorized under section 8 of this chapter; or (2) finance the establishmen…
Ind. Code § 5-1.2-8-23 Promissory notes
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Sec. 23. (a) Any promissory notes received under section 22 of this chapter: (1) must have the same principal amounts, maturities, and interest rates as the bonds being issued; (2) may be secured by a first mortgage lien on the educational facility being financed or by a first mo…
Ind. Code § 5-1.2-8-24 Mortgages
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Sec. 24. If an educational facility is financed and mortgaged under sections 22 and 23 of this chapter: (1) the title to the facility must remain in the nonprofit college or university owning the facility, subject to the lien of the mortgage securing the promissory notes then bei…
Ind. Code § 5-1.2-8-25 Powers of authority; restrictions
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Sec. 25. Section 15 of this chapter does not apply to any educational facility or any liability or loss insurance reserves financed under this section and sections 22 through 24 of this chapter. However, the authority shall return the promissory notes purchased through the issuan…
Ind. Code § 5-1.2-8-3 Scope of powers
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Sec. 3. Except as otherwise expressly provided in this chapter, none of the powers granted to the authority under this chapter are subject to the supervision or regulation or require the approval or consent of: (1) any municipality or political subdivision; (2) any department, di…
Ind. Code § 5-1.2-8-5 Rents and charges
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Sec. 5. The authority: (1) may require that the rates, rents, fees, or charges established by a nonprofit college or university are sufficient to discharge the institution's obligations to the authority; but (2) has no other jurisdiction over the rates, rents, fees, or charges. A…
Ind. Code § 5-1.2-8-6 Rules for projects
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Sec. 6. The authority may: (1) establish rules for the use of an educational facility project or any part of an educational facility project; and (2) designate a nonprofit college or university as the authority's agent to establish rules for the use of an educational facility pro…
Ind. Code § 5-1.2-8-7 Loans
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Sec. 7. (a) The authority may make loans to any nonprofit college or university for the cost of an educational facility project, including the establishment of liability or other loss insurance reserves or the contribution of those reserves to a risk retention group for the purpo…
Ind. Code § 5-1.2-8-8 Loans and bonds
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Sec. 8. (a) The authority may make loans to a nonprofit college or university to refund outstanding obligations or advances issued, made, or given by the nonprofit college or university for the cost of an educational facility project, including the establishment of liability or o…
Ind. Code § 5-13-8-1 Deposit of public funds; prerequisites
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Sec. 1. (a) A political subdivision may deposit public funds in a financial institution only if the financial institution: (1) is a depository eligible to receive state funds; and (2) has a principal office or branch that qualifies under section 9 of this chapter to receive publi…
Ind. Code § 5-13-8-10 Repealed
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As added by P.L.19-1987, SEC.10. Amended by P.L.50-1988, SEC.2; P.L.44-1990, SEC.5. Repealed by P.L.18-1996, SEC.33.
Ind. Code § 5-13-8-11 Repealed
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As added by P.L.19-1987, SEC.10. Repealed by P.L.18-1996, SEC.33.
Ind. Code § 5-13-8-12 Repealed
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As added by P.L.19-1987, SEC.10. Repealed by P.L.44-1990, SEC.8.
Ind. Code § 5-13-8-13 Resignation as depository
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Sec. 13. Any depository designated under this chapter may resign as a depository and relinquish all public funds on deposit with the depository. The resignation is effective after thirty (30) days notice in writing to the state board of finance and after settlement with the prope…
Ind. Code § 5-13-8-14 Prohibition of designation of depository for disqualification
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under IC 5-22-16.5 Sec. 14. A financial institution may not be designated as a depository under this chapter if the financial institution would be disqualified from being awarded a contract under IC 5-22-16.5. As added by P.L.21-2012, SEC.2.
Ind. Code § 5-13-8-2 Repealed
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As added by P.L.19-1987, SEC.10. Amended by P.L.57-1993, SEC.3. Repealed by P.L.18-1996, SEC.33.
Ind. Code § 5-13-8-3 Repealed
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As added by P.L.19-1987, SEC.10. Repealed by P.L.18-1996, SEC.33.
Ind. Code § 5-13-8-4 Repealed
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As added by P.L.19-1987, SEC.10. Repealed by P.L.18-1996, SEC.33.
Ind. Code § 5-13-8-5 Repealed
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As added by P.L.19-1987, SEC.10. Amended by P.L.29-1994, SEC.2. Repealed by P.L.18-1996, SEC.33.
Ind. Code § 5-13-8-6 Forms; filing copy of institution's statement of condition
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Sec. 6. (a) The state board of accounts shall prepare and consolidate the forms that are required under this chapter or IC 5-13-9.5, or both, to eliminate unnecessary paperwork. (b) These forms must be used by the state board of finance and the several local boards of finance and…
Ind. Code § 5-13-8-7 Revocation of commission of depository to do business with
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Indiana resident Sec. 7. (a) As used in this section, "Indiana resident" means any of the following: (1) An individual who is a resident of Indiana. (2) A political subdivision (as defined in IC 36-1-2-13) in Indiana. (3) A corporation, a limited liability company, a partnership,…
Ind. Code § 5-13-8-8 Repealed
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As added by P.L.19-1987, SEC.10. Amended by P.L.57-1993, SEC.4. Repealed by P.L.46-1997, SEC.18.
Ind. Code § 5-13-8-9 Deposit of funds in depositories within respective territorial
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limits of political subdivisions; exceptions Sec. 9. (a) All public funds of all political subdivisions shall be deposited in the designated depositories located in the respective territorial limits of the political subdivisions, except as provided in this section. (b) Each board…
Ind. Code § 5-1.4-8-1 Purchase of securities offered by qualified entity; private sale;
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issuance of bonds or notes for purpose of purchase Sec. 1. The bank, to carry out the purposes and policies of this article, may purchase securities offered by a qualified entity. Notwithstanding any law to the contrary, a qualified entity may sell its securities to the bank at a…
Ind. Code § 5-1.4-8-2 Securities to be purchased and held in name of bank; required
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documentation Sec. 2. (a) All securities at any time purchased, held, or owned by the bank shall at all times be purchased and held in the name of the bank. (b) All securities at any time purchased by the bank, upon delivery to the bank, shall be accompanied by all documentation …
Ind. Code § 5-1.4-8-3 Contracts with bank for purchase of securities; terms and
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conditions; fees and charges; denomination; prices; private sale Sec. 3. Every qualified entity is authorized and empowered to contract with the bank with respect to the purchase of its securities, and the contracts shall contain the terms and conditions of the purchase and may b…
Ind. Code § 5-1.4-8-4 Agreement with bank; waiver of statutory defenses to
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nonpayment; rights and remedies of bank Sec. 4. Upon the sale and delivery by a qualified entity of any securities to the bank, the qualified entity shall be deemed to have agreed that upon its failure to pay interest or principal on the securities owned or held by the bank when …
Ind. Code § 5-1.4-8-5 Bond anticipation notes of qualified entities; purchase by
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bank; renewal or extension; maturity; terms and conditions Sec. 5. (a) Notwithstanding any law applicable to a qualified entity concerning the issuance of bonds, a qualified entity that has complied with all statutory requirements for the issuance of its bonds may (in lieu of iss…
Ind. Code § 5-1.4-8-6 Notes of qualified entities; purchase by bank; renewal or
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extension; maturity; compliance with other laws; terms and conditions Sec. 6. (a) Notwithstanding any other law applicable to a qualified entity as to borrowing money, a qualified entity may issue and sell its notes to the bank, and the bank may purchase these notes. The notes mu…
Ind. Code § 5-1.5-8-1 Purchase of securities offered by qualified entity; private sale;
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issuance of bonds and notes for purpose of purchase Sec. 1. The bank, to carry out the purposes and policies of this article, may purchase securities of the qualified entity, including any securities issued by a school corporation to refund bonds or other obligations that were is…
Ind. Code § 5-1.5-8-2 Securities to be purchased and held in name of bank; required
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documentation Sec. 2. (a) All securities at any time purchased, held, or owned by the bank shall at all times be purchased and held in the name of the bank. (b) Except for agreements described in IC 5-1.5-1-10(4), all securities at any time purchased by the bank, upon delivery to…
Ind. Code § 5-1.5-8-3 Contracts with bank; terms and conditions; fees and charges;
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denomination and prices Sec. 3. (a) Every qualified entity is authorized and empowered to contract with the bank with respect to the loan or purchase of its securities, and the contracts shall contain the terms and conditions of the loan or purchase and may be in any form agreed …
Ind. Code § 5-1.5-8-4 Agreement with bank; waiver of statutory defenses to
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nonpayment; rights and remedies of bank Sec. 4. Upon the sale and delivery by a qualified entity of any securities to the bank, the qualified entity shall be deemed to have agreed that upon its failure to pay interest or principal on the securities owned or held by or arising fro…
Ind. Code § 5-1.5-8-5 Department or agency of state as custodian of money payable
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to qualified entity; duty on default on payment of principal or interest by qualified entity Sec. 5. (a) Notwithstanding any other provision of law, to the extent that any department or agency of the state, including the treasurer of state, is the custodian of money payable to th…
Ind. Code § 5-1.5-8-5.1 Authorization to convey revenue or taxes to issuing entity
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Sec. 5.1. (a) The following definitions apply throughout this section: (1) "Assignment agreement" means an agreement between a qualified entity and the issuing entity for the conveyance of all or part of any revenues or taxes received by the qualified entity from a disbursement a…
Ind. Code § 5-1.5-8-6 Repealed
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As added by P.L.25-1984, SEC.1. Repealed by P.L.43-1985, SEC.28.
Ind. Code § 5-1.5-8-6.1 Anticipation notes; issuance and purchase
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Sec. 6.1. (a) Notwithstanding any law applicable to a qualified entity concerning the issuance of bonds, a qualified entity that has complied with all statutory requirements for the issuance of its bonds may, in lieu of issuing bonds at that time and without the need for complyin…
Ind. Code § 5-1.5-8-7 Investment and reinvestment; securities sold to bank
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Sec. 7. Notwithstanding any statute applicable to or constituting any limitation on the investment or reinvestment of funds by or on behalf of political subdivisions, a qualified entity selling securities to the bank in connection with a program established by the bank may invest…
Ind. Code § 5-16-8-1 Definitions
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Sec. 1. (a) The definitions in this section apply throughout this chapter. (b) "Foundry products" means products cast from ferrous and nonferrous metals by foundries in the United States. (c) "Person" means a natural person, corporation, limited liability company, partnership, or…
Ind. Code § 5-16-8-2 Public agency contract provisions; rules for determining
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reasonable pricing Sec. 2. (a) Each public agency shall require that every contract for the construction, reconstruction, alteration, repair, improvement or maintenance of public works contain a provision that, if any steel or foundry products are to be used or supplied in the pe…
Ind. Code § 5-16-8-3 Payment contingent upon compliance; recovery of payments
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made upon noncomplying contracts Sec. 3. A public agency may not authorize or make any payments to a person under a contract containing the provision required by section 2 of this chapter unless the public agency is satisfied that such person has fully complied with that provisio…
Ind. Code § 5-16-8-4 Nonapplicability to steel products in insufficient supply
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Sec. 4. This chapter does not apply if the head of the public agency determines, in writing, that steel or foundry products are not produced in the United States in sufficient quantities to meet the requirements of the contract. As added by Acts 1978, P.L.27, SEC.1. Amended by P.…
Ind. Code § 5-16-8-5 Purpose and construction of chapter
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Sec. 5. This chapter is designed to promote the general welfare of the people of this state and is supplemental to all laws concerning public works and shall be liberally construed to fully effectuate its purposes. As added by Acts 1978, P.L.27, SEC.1.
Ind. Code § 5-22-8-1 Applicability of chapter
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Sec. 1. (a) This chapter applies only to a purchase expected by the purchasing agent to be less than one hundred fifty thousand dollars ($150,000). (b) Purchase requirements may not be artificially divided so as to constitute a small purchase under this chapter. As added by P.L.4…