There is a newer version
of
this Section
2021 Indiana Code
Title 16. Health
Article 22. County Hospitals
Chapter 7. Hospital Building Authorities in County With Hospital Operated Under Ic 16-23-1
16-22-7-35. Disposition of Bond Proceeds
Universal Citation: IN Code § 16-22-7-35 (2021)
Sec. 35. The proceeds from bonds issued under this chapter, after reimbursement for preliminary expenses as provided in section 14 of this chapter and payment for land, shall be applied to the payment of the costs of the buildings on account of which the bonds are issued, including incidental expenses and interest during construction. Until the proceeds are applied as required in this section, the proceeds are subject to a lien in favor of the bondholders or the trustees.
[Pre-1993 Recodification Citation: 16-12-20.5-20.]
As added by P.L.2-1993, SEC.5.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
