Section 14-33-20-38 - Discharge of indebtedness(a) Notwithstanding any other provision of this chapter, a district may do the following: (1) Borrow money from the state in accordance with other statutes.(2) Evidence the indebtedness upon terms and conditions that are provided in the statutes or that the state requires.(b) A district may: (1) pay and discharge the indebtedness from the proceeds of bonds, notes, or other evidences of indebtedness issued under: (B) IC 13-3-4 (before its repeal); or(2) refund the indebtedness to the state; in accordance with this chapter.
Pre-1995 Recodification Citation: 13-3-4-15.
As added by P.L. 1-1995, SEC.26.