Indiana Code 8-15-2-5.2. Prohibition of sale, conveyance, or mortgage
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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.