# Ind. Code § 5-1.2-4-6: Power to borrow money and issue bonds

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-6

## Section

- **Citation:** Ind. Code § 5-1.2-4-6
- **Heading:** Power to borrow money and issue bonds
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 5 / Article 1.2 / Chapter 4 / Section 5-1.2-4-6

## Text

Sec. 6. (a) The authority has the power to borrow money and to issue its bonds from time to time in the principal amounts as the authority determines are necessary to provide sufficient funds to carry out its purposes, powers, and programs, including:

(1) carrying out the purposes, powers, and programs stated in this article;

(2) the payment of interest on bonds of the authority;

(3) the establishment of reserves to secure the bonds; and

(4) all other expenditures of the authority incident to, necessary, and convenient to carry out the authority's purposes, powers, and programs.

(b) The authority may also issue bonds in the manner and for the purposes provided by the referenced statutes.

As added by P.L.189-2018, SEC.25.

## Nearby sections

- [Ind. Code § 5-1.2-4-1 Powers of Indiana finance authority](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-1.md)
- [Ind. Code § 5-1.2-4-2 Prohibited activities](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-2.md)
- [Ind. Code § 5-1.2-4-3 Issuance of bonds or notes; failure to pay obligations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-3.md)
- [Ind. Code § 5-1.2-4-4 Additional authority powers; capital improvements; northwest Indiana regional development authority; motorsports investment district; local innovation development district](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-4.md)
- [Ind. Code § 5-1.2-4-5 Requirements; establishment of terms governing reserves or funding levels](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-5.md)
- [Ind. Code § 5-1.2-4-6 Power to borrow money and issue bonds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-6.md)
- [Ind. Code § 5-1.2-4-7 Bonds; liability of authority; pledges as additional security](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-7.md)
- [Ind. Code § 5-1.2-4-8 Bonds; liability of state](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-8.md)
- [Ind. Code § 5-1.2-4-9 Bonds; issuance; procedure; terms](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-9.md)
- [Ind. Code § 5-1.2-4-10 Bonds; authorized provisions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-10.md)
- [Ind. Code § 5-1.2-4-11 Bonds; issue to renew or pay bonds; refund](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-11.md)
- [Ind. Code § 5-1.2-4-12 Pledges](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-12.md)
- [Ind. Code § 5-1.2-4-13 Bonds; purchase by authority](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-13.md)
- [Ind. Code § 5-1.2-4-14 Bonds; trust agreement or indenture](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-6. Check the current official text before relying on it. Not legal advice.