Sec. 3. Notwithstanding any other statute, a political subdivision may borrow the money necessary to finance: (1) a public work project; or (2) an eligible efficiency project; from a financial institution in Indiana by executing a negotiable note under section 4 of this chapter. The political subdivision shall provide notice of its determination to issue the note under IC 5-3-1 . Money borrowed under this chapter is chargeable against the political subdivision's constitutional debt limitation.
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