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Terms Used In Indiana Code 8-15-2-5.2

  • Authority: refers to the Indiana finance authority established by Indiana Code 8-15-2-4
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • toll road project: includes any subsequent improvement, betterment, enlargement, extension, or reconstruction of an existing project. See Indiana Code 8-15-2-4
   Sec. 5.2. The authority may not sell, convey, or mortgage a toll road project.

As added by P.L.47-2006, SEC.10.