Ind. Code § 5-1.3-6-8
Declaration concerning liability; sources or repayment
As added by P.L.189-2018, SEC.26.
The bonds or notes:
- (1) constitute the corporate obligations of the IFA or the NWIRDA;
- (2) do not constitute an indebtedness of the state within the meaning or application of any constitutional provision, prohibition, or limitation; and
(3) are payable solely as to both principal and interest from:
- (A) the revenues from a lease to the NWIRDA, if any;
- (B) other available revenues, if any;
- (C) proceeds of bonds or notes, if any; or
- (D) investment earnings on proceeds of bonds or notes.
As added by P.L.189-2018, SEC.26.