In addition to the powers listed in section 15 of this chapter, the authority may:

1. (1) issue bonds under terms and conditions determined by the authority and use the proceeds of the bonds to acquire obligations issued by any entity authorized to acquire, finance, construct, or lease capital improvements under IC 5-1-17 ;
2. (2) issue bonds under terms and conditions determined by the authority and use the proceeds of the bonds to acquire any obligations issued by the northwest Indiana regional development authority established by IC 36-7.5-2-1 ;
3. (3) enter into leases and issue bonds under terms and conditions determined by the authority and use the proceeds of the bonds to carry out the purposes of IC 5-1-17.5 within a motorsports investment district; and
4. (4) perform any other functions determined by the authority to be necessary or appropriate to carry out the purposes of IC 5-1-17.5 within a motorsports investment district.

As added by P.L.214-2005, SEC.1. Amended by P.L.182-2009(ss), SEC.50; P.L.233-2013, SEC.3; P.L.121-2016, SEC.1.