(a) In addition to the powers conferred upon the ports of Indiana by other provisions of this article, and subject to subsection (b), the ports of Indiana, in connection with any self-liquidating or nonrecourse project, shall have the following powers notwithstanding any other provision of this article to the contrary:
- (1) The revenue bonds issued by the ports of Indiana to finance the cost of such self-liquidating or nonrecourse project may be issued without regard to any maximum interest rate limitation in this article or any other law.
- (2) The revenue bonds issued by the ports of Indiana to finance the cost of such self-liquidating or nonrecourse project may be sold in such manner, either at public or private sale, as the ports of Indiana may determine, and the provisions of IC 21-32-3 shall not be applicable to such sale.
- (3) IC 4-13.6 , IC 5-16-1 , IC 5-16-2 , IC 5-16-3 , IC 5-16-5 , IC 5-16-5.5 , IC 5-16-6 , IC 5-16-6.5 , IC 5-16-8 , IC 5-16-9 , IC 5-16-10 , IC 5-16-11 , IC 5-16-11.1 , IC 8-10-1-7 (12), IC 8-10-1-29 , and IC 36-1-12 do not apply to a self-liquidating or nonrecourse project.
- (b) The issuance of revenue bonds by the ports of Indiana under this chapter is subject to the approval of the governor.
As amended by P.L.66-1984, SEC.19; P.L.224-2003, SEC.227 and P.L.271-2003, SEC.27; P.L.235-2005, SEC.112; P.L.232-2005, SEC.9; P.L.1-2006, SEC.154; P.L.2-2007, SEC.136; P.L.98-2008, SEC.46.