1. (a) The commission may issue refunding bonds before July 1, 2005, in the name of the commission for the following purposes:

   1. (1) Refunding any bonds then outstanding and issued under this chapter or under IC 14-6-29 (before its repeal), including payment of redemption premium and interest accrued or to accrue to the date of redemption of the outstanding bonds.
   2. (2) If considered advisable by the commission, constructing improvements, extensions, or enlargements of a facility, a betterment, or an improvement in connection with which the bonds to be refunded have been issued.

2. (b) The issuance of the refunding bonds, the maturity dates and other details, and all rights, duties, and obligations of the holders of the refunding bonds and of the commission with respect to the refunding bonds are subject to this chapter.

   [Pre-1995 Recodification Citation: 14-6-29-10(i).]

As added by P.L.1-1995, SEC.6. Amended by P.L.235-2005, SEC.184.