Indiana Code 5-1.2-9-16. Financing agreement; payment provisions
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Terms Used In Indiana Code 5-1.2-9-16
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 16. A financing agreement approved under this chapter must provide for payments in an amount sufficient to pay the principal of, premium for (if any), and interest on the bonds authorized for the financing of the economic development project. However, interest payments for the anticipated construction period, plus a period of not more than one (1) year, may be funded in the bond issue.
As added by P.L.189-2018, SEC.25.