Bill Text: IN SB0266 | 2011 | Regular Session | Enrolled
Bill Title: Noncode statutes project trailer provisions.
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Passed) 2011-05-18 - Effective 07/01/2011 [SB0266 Detail]
Download: Indiana-2011-SB0266-Enrolled.html
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or
AN ACT to amend the Indiana Code concerning general provisions.
(b) As used in this section, "Indiana employment development commission" refers to the Indiana employment development commission transferred to the Indiana development finance authority by P.L.11-1990, SECTION 139.
(c) The restrictions on eligibility of any mortgage or security agreement under IC 4-4-11-16 (before its repeal) do not invalidate any guarantee of the Indiana employment development commission made before January 1, 1985.
agreement or indenture securing those bonds are transferred to the
Indiana development finance authority. as successor.
(b) The rights of the trustee under any trust agreement or indenture
and the rights of the bondholders of the Indiana employment
development commission and the Indiana agricultural development
corporation remain unchanged, although the powers, duties, and
liabilities of the commission and the corporation have been transferred
to the Indiana development finance authority.
(c) All bonds issued by the Indiana employment development
commission and the Indiana agricultural development corporation are
hereby legalized and declared valid if these bonds have been delivered
and payment for those bonds has been received before July 1, 1990. All
proceedings had and actions taken under which the bonds were issued
are hereby fully legalized and declared valid.
(1) Indiana small business development corporation established under IC 4-3-12-1 (before its repeal).
(2) Indiana economic development council established under IC 4-3-14 (before its repeal).
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