# Ind. Code § 5-1.5-5-5: Combining reserve funds

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-5

## Section

- **Citation:** Ind. Code § 5-1.5-5-5
- **Heading:** Combining reserve funds
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 5 / Article 1.5 / Chapter 5 / Section 5-1.5-5-5

## Text

Sec. 5. Subject to the provisions of any agreement with its holders, the bank may combine a reserve fund established for an issue of bonds or notes into one (1) or more reserve funds.

As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.22.

## Nearby sections

- [Ind. Code § 5-1.5-5-1 Establishment; application of funds; required debt service reserve; excess money](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-1.md)
- [Ind. Code § 5-1.5-5-2 Investment of funds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-2.md)
- [Ind. Code § 5-1.5-5-3 Valuation of investments](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-3.md)
- [Ind. Code § 5-1.5-5-4 Required debt service reserve; resolution concerning appropriations; excess funds; budget committee review; default](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-4.md)
- [Ind. Code § 5-1.5-5-5 Combining reserve funds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-5.md)
- [Ind. Code § 5-1.5-5-6 Certain qualified entities; debt service reserve appropriations not available](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-6.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.5_C5_S5-1.5-5-5. Check the current official text before relying on it. Not legal advice.