Section 14-33-7-14 - Note issuance(a) In anticipation of the money to be received from any source, a board may borrow money by issuing notes. The notes:(1) must mature in not more than two (2) years; and(2) may be renewed for periods of not more than two (2) years.(b) The borrowing may be by direct negotiation with any of the following: (1) A bank or savings association licensed to do business in Indiana.(2) An agent of the state or federal government.Pre-1995 Recodification Citation: 13-3-3-70.
As added by P.L. 1-1995, SEC.26.