reglab/housing_qa huggingface dataset:
IN Code § 5-1-14-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-3. Maintenance of Federal Tax Exclusion From Gross Income for Interest on Bonds

Sec. 3. Notwithstanding any other law, any issuer may take any reasonable and necessary action to establish or maintain the exclusion from gross income for interest on obligations of the issuer under federal law. These actions may include, without limitation:(1) filing information reports with the federal government;(2) rebating money derived from bond proceeds or money treated as bond proceeds under federal law, or earnings thereon, to the federal government;(3) restricting the yield on money or earnings described in subdivision (2) to the yield on bonds of the issuer;(4) investing money or earnings described in subdivision (2) in obligations of issuers that bear interest that is excludable from gross income under federal law;(5) issuing obligations in an amount sufficient to serve the public purpose of the financing without considering earnings thereon;(6) qualifying obligations under any volume cap or electing any carryforward of unused volume cap;(7) designating, through its legislative body or any board responsible for issuing obligations as long as the obligations are executed by the executive of the issuer, obligations to qualify for any exemption from the loss of any deduction for interest incurred by any financial institution to carry tax exempt obligations or for any exemption from federal arbitrage rebate requirements; and(8) complying with limitations imposed by federal law on the issuance of tax exempt bonds under IC 36-7-14, IC 36-7-14.5, IC 36-7-15.1, or IC 36-7-15.3, including, without limitation:(A) designation of redevelopment project areas by a legislative body (as defined in IC 36-1-2-9) having jurisdiction over the area;(B) considering any factors required by federal law in determining whether an area meets the criteria for designation as a redevelopment project area; and(C) limiting the use of property in a redevelopment project area.As added by P.L.27-1986, SEC.1. Amended by P.L.37-1988, SEC.4; P.L.2-1989, SEC.4; P.L.185-2005, SEC.1.
IN Code § 5-1-14-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-4. Pledge Made by Issuer Binding; Lien

Sec. 4. (a) Notwithstanding any other law, a pledge of revenues or other money, or property made by any issuer is binding from the time the pledge is made. Revenues or other money, or property pledged and thereafter received by the issuer are immediately subject to the lien of the pledge without any further act, and the lien of a pledge is binding against all parties having claims of any kind in tort, contract, or otherwise against the issuer, regardless of whether the parties have notice of any lien. No resolution, ordinance, indenture, or any other instrument by which a pledge is created needs to be filed or recorded except in the records of the issuer.(b) Notwithstanding any other law, an issuer may pledge any revenues or other money or pledge or mortgage property to pay debt service on or secure any obligations or any lease rental or contractual payments, if:(1) the issuer has the necessary statutory authority to issue obligations, pay lease rentals, or make contractual payments for any project or purpose for which the pledge or mortgage is made;(2) the revenues, money, or property is legally available, under federal, state, and local laws, to pay or secure debt service, lease rentals, or contractual payments; and(3) the pledge or mortgage does not purport to create an obligation in violation of any statutory or constitutional limitation to which the issuer is subject.As added by P.L.27-1986, SEC.2. Amended by P.L.37-1988, SEC.5.
IN Code § 5-1-14-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-5. Bond Anticipation Notes; Issuance

Sec. 5. Notwithstanding any other law, any city, town, county, school corporation, or regional district organized under IC 13-26 or IC 13-3-2 (before its repeal) that has complied with all statutory requirements for the issuance of its bonds, other than IC 5-1-11 or any public sale statute, may, in lieu of issuing bonds at that time and without the need for complying with any other law applicable to the issuance of bonds, notes, or other evidences of indebtedness, issue its notes in anticipation of the issuance of bonds to a financial institution. However, if the amount of the notes is at least one million dollars ($1,000,000), the notes may be issued to any purchaser. The bond anticipation notes may be issued on terms set forth in a resolution or ordinance authorizing their issuance and in any amount equal to or less than the amount of bonds authorized to be issued. The city, town, county, school corporation, or district may renew or extend the bond anticipation notes from time to time on terms agreed to with the financial institution or other purchaser. The amount of the accrued interest on the date of renewal or extension of the bond anticipation notes may be paid or added to the principal amount of the bond anticipation notes being renewed or extended as long as the aggregate principal amount of bond anticipation notes outstanding at any time does not exceed the maximum principal amount permitted by this section. The bond anticipation notes, including any renewals or extensions, must mature in the amounts and at the times (not exceeding five (5) years from the date of the original issuance of the bond anticipation notes) agreed to by the city, town, county, school corporation, or district and the financial institution or other purchaser. The bond anticipation notes must be finally paid, and interest on the bond anticipation notes may be finally paid, with the proceeds of the bonds issued by the city, town, county, school corporation, or district. In connection with the issuance of bonds, part or all of the proceeds of which will be used to retire the bond anticipation notes, it is not necessary for the city, town, county, school corporation, or district to repeat the procedures for the issuance of bonds, as the procedures followed before the issuance of the bond anticipation notes are for all purposes sufficient to authorize the issuance of the bonds.As added by P.L.44-1987, SEC.4. Amended by P.L.2-1989, SEC.5; P.L.35-1990, SEC.2; P.L.1-1996, SEC.34.
IN Code § 5-1-14-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-6. Use of Proceeds for Costs of Issuance of Obligation, Funding Debt Services Reserves, or Payment of Interest; Reimbursements

Sec. 6. (a) Notwithstanding any other law, an issuer may use proceeds of its obligations to pay the reasonable cost of issuance of the obligations or to fund reasonably required debt service reserves to secure the payment of the obligations.(b) Notwithstanding any other law, an issuer may use proceeds of the issuer's obligations to pay interest on the obligations for:(1) a period not to exceed two (2) years from the date of issuance of the obligations; or(2) any longer period that is permitted by any other statute.(c) Notwithstanding any other law, an issuer may reimburse itself for preliminary costs incurred in financing any project or purpose from proceeds of the obligations when issued.As added by P.L.37-1988, SEC.6. Amended by P.L.35-1990, SEC.3; P.L.24-1995, SEC.22.
IN Code § 5-1-14-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-7. Application of Section; Stadium; Lease Rental Tax

Sec. 7. (a) This section applies to:(1) each county having a population of more than one hundred seventy-five thousand (175,000) but less than one hundred eighty-five thousand (185,000); and(2) each second class city located in a county described in subdivision (1).(b) As used in this section, "stadium" means a structure used for athletic, recreational, cultural, and community events.(c) Notwithstanding any other law, a stadium constitutes a:(1) government building under IC 36-9-13;(2) structure under IC 36-1-10;(3) park purpose under IC 36-10-1;(4) park improvement under IC 36-10-4; and(5) redevelopment project or purpose under IC 36-7-14.(d) Notwithstanding any other law, a legislative body of a city may levy a tax in the park district established under IC 36-10-4 to pay lease rentals to a lessor of a stadium under IC 36-1-10 or IC 36-9-13.As added by P.L.38-1988, SEC.1. Amended by P.L.12-1992, SEC.14; P.L.170-2002, SEC.12; P.L.119-2012, SEC.11.
IN Code § 5-1-14-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-8. Money Withheld by Auditor as Not Creating Debt for Constitutional Purposes

Sec. 8. If a statute provides that amounts due under a loan to a political subdivision (as defined in IC 36-1-2) or a local public improvement bond bank shall or may be withheld by the auditor of state from other money payable to the political subdivision or bond bank upon failure to make repayment of the loan, the requirement or permission to withhold amounts due under the loan does not create a debt of the political subdivision for purposes of the Constitution of the State of Indiana.As added by P.L.2-1989, SEC.6.
IN Code § 5-1-14-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-9. Rights of Owners of Obligations Not to Be Impaired

Sec. 9. (a) The general assembly covenants that it will not adopt, amend, or repeal a statute in a way that impairs the rights and remedies of the owners of obligations, until the obligations, interest on the obligations, interest on an unpaid installment of interest, and all costs and expenses in connection with an action or proceedings by or on behalf of the owners are fully paid and discharged.(b) An agency (as defined in IC 4-22-2-3) may not adopt, amend, or repeal a rule under IC 4-22-2 in a way that impairs the rights and remedies of the owners of obligations, until the obligations, interest on the obligations, interest on an unpaid installment of interest, and all costs and expenses in connection with an action or proceedings by or on behalf of the owners are fully paid and discharged.As added by P.L.2-1989, SEC.7.
IN Code § 5-1-14-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-10. Maximum Term or Repayment Period of Obligations; Continuation of Payments

Sec. 10. (a) If an issuer has issued obligations under a statute that establishes a maximum term or repayment period for the obligations, notwithstanding that statute, the issuer may continue to make payments of principal, interest, or both, on the obligations after the expiration of the term or period if principal or interest owed to owners of the obligations remains unpaid.(b) This section does not authorize the use of revenues or funds to make payments of principal and interest other than those revenues or funds that were pledged for the payments before the expiration of the term or period.(c) Except as otherwise provided by this section, IC 5-1-5-2.5, IC 16-22-8-43, IC 36-7-12-27, IC 36-7-14-25.1, or IC 36-9-13-30 (but only with respect to any bonds issued under IC 36-9-13-30 that are secured by a lease entered into by a political subdivision organized and existing under IC 16-22-8), the maximum term or repayment period for obligations issued after June 30, 2008, that are wholly or partially payable from ad valorem property taxes, special benefit taxes on property, or tax increment revenues derived from property taxes may not exceed:(1) the maximum applicable period under federal law, for obligations that are issued to evidence loans made or guaranteed by the federal government or a federal agency;(2) twenty-five (25) years, for obligations that are wholly or partially payable from tax increment revenues derived from property taxes; or(3) twenty (20) years, for obligations that are not described in subdivision (1) or (2), and are wholly or partially payable from ad valorem property taxes or special benefit taxes on property.As added by P.L.2-1989, SEC.8. Amended by P.L.146-2008, SEC.29; P.L.182-2009(ss), SEC.63; P.L.229-2011, SEC.66.
IN Code § 5-1-14-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-11. Payment of Fees and Charges Authorized

Sec. 11. If an issuer is authorized by statute to issue obligations and to make payments of principal and interest to owners of those obligations from any source, the issuer is authorized to pay fees and charges associated with the issuance of the obligations from that source, including the payment of fees and charges associated with obtaining and enforcing credit enhancement for the obligations.As added by P.L.2-1989, SEC.9.
IN Code § 5-1-14-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-12. Refunding Obligations

Sec. 12. Notwithstanding any other law, if an agency, an authority, a board, a department, or a commission of a unit (as defined in IC 36-1-2) is authorized to issue obligations in the name of the unit for any purpose for which any other agency, authority, board, department, or commission of the unit may issue its obligations, the agency, the authority, the board, the department, or the commission may issue obligations to refund obligations issued in the name of the unit by the other agency, authority, board, department, or commission of the unit.As added by P.L.2-1989, SEC.10.
IN Code § 5-1-14-12.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-12.5. Purchase and Issuance of Obligations on Terms Reasonable to Issuer

Sec. 12.5. Notwithstanding any other law, an issuer may purchase any obligations on terms the issuer finds reasonable and may issue its obligations to effectuate that purpose on terms that the issuer finds reasonable.As added by P.L.224-2003, SEC.265.
IN Code § 5-1-14-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-13. Contesting Validity of Obligations

Sec. 13. The following provisions apply when an issuer negotiates a sale of obligations and a statute does not specify a time within which to contest the validity of the obligations or the sale of the obligations:(1) No action to contest the validity of the obligations may be brought after the fifteenth day following the adoption of the resolution authorizing the sale of the obligations.(2) No action to contest the validity of the sale of the obligations may be brought after the fifth day following the sale.As added by P.L.2-1989, SEC.11.
IN Code § 5-1-14-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-15. Bonds and Obligations to Fund Pension Benefits

Sec. 15. (a) Before July 1, 2008, a county or municipality may issue bonds, notes, or other obligations for the purpose of providing funds to pay pension benefits under IC 36-8-6, IC 36-8-7, or IC 36-8-7.5.(b) Notwithstanding any other law:(1) bonds, notes, or other obligations issued for the purpose described in this section may have a final maturity date up to, but not exceeding, forty (40) years from the date of original issuance;(2) the amount of bonds, notes, or other obligations that may be issued for the purpose described in this section may not exceed two percent (2%) of the true tax value of property located within the county or municipality; and(3) the proceeds of bonds, notes, or other obligations issued for the purpose described in this section may be deposited to the issuing county's or municipality's separate account described in IC 5-10.3-11-6.(c) This section is supplemental to all other laws but does not relieve a county or municipality from complying with other procedural requirements for the issuance of bonds, notes, or other obligations.As added by P.L.234-2007, SEC.37. Amended by P.L.146-2008, SEC.30.
IN Code § 5-1-14-16 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-16. Payment of Principal and Interest on Obligations in Nearly Equal Payment Amounts and at Regular Designated Intervals; Exceptions

Sec. 16. (a) This section applies to obligations that are:(1) issued after June 30, 2008, by a local issuing body; and(2) payable from ad valorem property taxes, special benefit taxes on property, or tax increment revenues derived from property taxes;including obligations that are issued under a statute that permits the bonds to be issued without complying with any other law or otherwise expressly exempts the bonds from the requirements of this section.(b) An agreement for the issuance of obligations must provide for the payment of principal and interest on the obligations in nearly equal payment amounts and at regular designated intervals over the maximum term of the obligations except to the extent that:(1) interest for a particular repayment period has been paid from the proceeds of the obligations under section 6 of this chapter; or(2) the local issuing body authorizes a different payment schedule to:(A) maintain substantially equal payments, in the aggregate, in any period in which the local issuing body pays the interest and principal on outstanding obligations;(B) provide for the payment of principal on the obligations in amounts and at intervals that will produce an aggregate amount of principal payments greater than or equal to the aggregate amount that would otherwise be paid as of the same date;(C) provide for level principal payments over the term of the obligations, in order to reduce total interest costs;(D) with respect to obligations wholly or partially payable from tax increment revenues derived from property taxes, provide for the payment of principal and interest in varying amounts over the term of the obligations as necessary due to the variation in the amount of tax increment revenues available for those payments; or(E) provide for a repayment schedule that will result in the same or a lower amount of interest being paid on obligations that would be issued using nearly equal payment amounts.As added by P.L.146-2008, SEC.31. Amended by P.L.182-2009(ss), SEC.64.
IN Code § 5-1-14-18 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 14. Miscellaneous Provisions|5-1-14-18. Validity of Electronic Signatures

Sec. 18. In connection with the issuance by the issuer of any obligation described in IC 5-1-1-1(b), the execution of the obligation (including any contract, certificate, or other document executed on behalf of the issuer in connection with the execution of the obligation) using electronic signatures rather than manual signatures shall be considered fully legal and valid for all purposes with the same force and effect as if the execution were performed with manual signatures.As added by P.L.88-2021, SEC.4.
IN Code § 5-1-15-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 15. Fully Registered and Book Entry Obligations|5-1-15-1. Application of Chapter

Sec. 1. This chapter applies to any entities issuing bonds that are named in IC 5-1-1-1.As added by P.L.44-1983, SEC.7.
IN Code § 5-1-15-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 15. Fully Registered and Book Entry Obligations|5-1-15-2. Form of Obligations; Interchangeable Nature

Sec. 2. Notwithstanding any other provision of law, bonds, notes, evidences of indebtedness, or other written obligations may be issued in fully registered or book entry form, and may be interchangeable in any manner provided for by the issuing entity.As added by P.L.44-1983, SEC.7.
IN Code § 5-1-15-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 15. Fully Registered and Book Entry Obligations|5-1-15-3. Delivery; Registrar or Paying Agent; Deposit; Certificates

Sec. 3. (a) Bonds, notes, evidences of indebtedness, or other written obligations issued in book entry form shall:(1) not be delivered to the owners thereof; and(2) have a registrar or paying agent that may be:(A) the issuing entity;(B) a bank or trust company; or(C) a securities depository corporation.(b) In connection with issuance in book entry form, the following may be done:(1) A written instrument may be deposited with the registrar or paying agent.(2) Participation certificates or certificates of beneficial interest may be issued to the owner by the issuing entity, registrar, or paying agent.As added by P.L.44-1983, SEC.7.
IN Code § 5-1-15-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 15. Fully Registered and Book Entry Obligations|5-1-15-4. Employment of Bank or Trust Company

Sec. 4. The entity may employ any bank or trust company as paying agent or registrar, co-registrar, or depository institution. The bank or trust company need not be a depository bank under IC 5-13, and need not be located within the state of Indiana.As added by P.L.44-1983, SEC.7. Amended by P.L.3-1990, SEC.19.
IN Code § 5-1-15-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 15. Fully Registered and Book Entry Obligations|5-1-15-5. Confidentiality of Books and Records

Sec. 5. Notwithstanding any other provision of law, registers or registration books or transfer records for bonds, notes, evidences of indebtedness, or other written obligations of any entity are not public records, but are only for the use of the entity, any trustee, fiduciary, paying agent, registrar, co-registrar, or transfer agent. A trust department of a bank having possession of these records shall not disclose them to a bond department, commercial department, subsidiary of the bank, or a subsidiary of the parent corporation of the bank.As added by P.L.44-1983, SEC.7.
IN Code § 5-1-15-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 15. Fully Registered and Book Entry Obligations|5-1-15-6. Register

Sec. 6. Registrars of bond issues shall keep a register of ownership of bonds.As added by P.L.44-1983, SEC.7.