Indiana Code 14-33-20-38. Discharge of indebtedness
Current as of: 2024 | Check for updates
|
Other versions
Sec. 38. (a) Notwithstanding any other provision of this chapter, a district may do the following:
(2) Evidence the indebtedness upon terms and conditions that are provided in the statutes or that the state requires.
(1) Borrow money from the state in accordance with other statutes.
Terms Used In Indiana Code 14-33-20-38
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(b) A district may:
(1) pay and discharge the indebtedness from the proceeds of bonds, notes, or other evidences of indebtedness issued under:
(A) this chapter; or
(B) IC 13-3-4 (before its repeal); or
(2) refund the indebtedness to the state;
in accordance with this chapter.
[Pre-1995 Recodification Citation: 13-3-4-15.]
As added by P.L.1-1995, SEC.26.