Indiana Code 14-33-5-22. Agreements with people or entities; debt agreements
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Sec. 22. (a) The board may do the following:
(2) By the agreement provide the manner in which resulting debt is evidenced, with:
(1) Enter into agreement with and accept money from a federal or state agency or department.
Terms Used In Indiana Code 14-33-5-22
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
(A) the term;
(B) the interest rate; and
(C) the method and time of repayment;
subject to statutes governing the federal or state agency or department, without regard to other limitations of this article.
(b) The board may also enter into an agreement with a person, municipality, county, or special taxing district, whether or not the person, municipality, county, or special taxing district is in the district, for any purpose compatible with the purposes for which the district exists. The municipality, county, or special taxing district may enter into the agreement.
[Pre-1995 Recodification Citation: 13-3-3-46.]
As added by P.L.1-1995, SEC.26.