Sec. 8. The bonds or notes: (1) constitute the corporate obligations of the IFA or the NWIRDA; (2) do not constitute an indebtedness of the state within the meaning or application of any constitutional provision, prohibition, or limitation; and (3) are payable solely as to both principal and interest from: (A) the revenues from a lease to the NWIRDA, if any; (B) other available revenues, if any; (C) proceeds of bonds or notes, if any; or (D) investment earnings on proceeds of bonds or notes.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.