Sec. 3. Notwithstanding any other law, income from the investment of proceeds of the sale of bonds issued by any political subdivision that are payable from property taxes shall be applied to the improvement or the public purpose for which the bonds were issued or shall be used to pay interest on the bonds and in no event may such income be used for any other purpose except as provided in section 2 of this chapter. IC 5-1-14 Chapter 14. Miscellaneous Provisions 5-1-14-1 Bonds, notes, or warrants not subject to maximum interest rate limitations 5-1-14-1.2 Issuer defined 5-1-14-1.3 Definitions 5-1-14-1.5 Obligations defined 5-1-14-2 Provisions for payment of bonds, notes, or warrants before maturity date 5-1-14-3 Maintenance of federal tax exclusion from gross income for interest on bonds 5-1-14-4 Pledge made by issuer binding; lien 5-1-14-5 Bond anticipation notes; issuance 5-1-14-6 Use of proceeds for costs of issuance of obligation, funding debt services reserves, or payment of interest; reimbursements 5-1-14-7 Application of section; stadium; lease rental tax 5-1-14-8 Money withheld by state comptroller as not creating debt for constitutional purposes 5-1-14-9 Rights of owners of obligations not to be impaired 5-1-14-10 Maximum term or repayment period of obligations; continuation of payments 5-1-14-11 Payment of fees and charges authorized 5-1-14-12 Refunding obligations 5-1-14-12.5 Purchase and issuance of obligations on terms reasonable to issuer 5-1-14-13 Contesting validity of obligations 5-1-14-14 Loans, expenditures, and issuance of bonds for economic development 5-1-14-14 Loans, expenditures, and issuance of bonds for economic development 5-1-14-15 Bonds and obligations to fund pension benefits 5-1-14-16 Payment of principal and interest on obligations in nearly equal payment amounts and at regular designated intervals; exceptions 5-1-14-17 General obligation bonds issued before May 1, 2025; one year wait period 5-1-14-17.2 Bond financing; swap agreement restrictions 5-1-14-18 Validity of electronic signatures
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