# Ind. Code § 5-1.2-4-7: Bonds; liability of authority; pledges as additional security

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-7

## Section

- **Citation:** Ind. Code § 5-1.2-4-7
- **Heading:** Bonds; liability of authority; pledges as additional security
- **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 5-1.2-4-7

## Text

Sec. 7. Except as may otherwise be expressly provided by the authority, every issue of its bonds shall be obligations of the authority payable solely out of any specified revenue or money of the authority, subject only to any agreements with the holders of particular bonds pledging any particular money or revenue. The bonds may be additionally secured by a pledge of any grant, contribution, or guarantee from the federal government or any corporation, limited liability company, association, institution, or person or a pledge of any money, income, or revenue of the authority from any source.

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_S5-1.2-4-7. Check the current official text before relying on it. Not legal advice.