Notwithstanding any other statute, a political subdivision may borrow the money necessary to finance:(1) a public work project; or(2) an eligible efficiency project;from a financial institution in Indiana by executing a negotiable note under section 4 of this chapter. The political subdivision shall provide notice of its determination to issue the note under IC 5-3-1. Money borrowed under this chapter is chargeable against the political subdivision's constitutional debt limitation.As added by P.L.81-2004, SEC.47. Amended by P.L.88-2009, SEC.18.
Indiana Legal Code