Ind. Code § 36-7-13-17

Current through P.L. 171-2024

Section 36-7-13-17 - Pledge of money in industrial development fund

Money in the industrial development fund may be pledged by an advisory commission for the following purposes:

(1) To pay debt service on bonds or other obligations issued under this chapter.

(2) To establish and maintain a debt service reserve established by the advisory commission.

IC 36-7-13-17

As added by P.L. 125-1998, SEC.21. Amended by P.L. 1-1999, SEC.82.