Ind. Code § 5-1.3-5-10

Current through P.L. 171-2024

Section 5-1.3-5-10 - Transfer of rail project upon payment of obligation in full

The IFA shall certify to the NWIRDA and the NICTD that all bonds, notes issued, and leases or other obligations entered into with respect to the rail project or rail projects have been paid to their final maturity. At that time, the rail project or rail projects shall be transferred to the NICTD and neither the IFA or the NWIRDA shall have any further obligation with respect to the rail project or rail projects.

IC 5-1.3-5-10

Amended by P.L. 10-2019,SEC. 29, eff. 7/1/2019.

Added by P.L. 189-2018,SEC. 26, eff. 3/21/2018.