IC 36-7.5-7-11.7 — Obligations legalized and validated
Chapter 7. Lake County Economic Development and Convention Fund
Bills adding this section
Section text
Sec. 11.7. (a) All bonds, notes, evidences of indebtedness, leases, or other written obligations issued, incurred, or executed under this article for the Lake County convention and event center, and subject to budget committee review, by or in the name of the: (1) Indiana finance authority; (2) the northwest Indiana regional development authority; or (3) the City of Gary; are hereby legalized and declared valid after budget committee review. (b) Any pledge, dedication, or designation of revenues, conveyance, or mortgage securing the bonds, notes, evidence of indebtedness, leases, or other written legal obligations issued, incurred or executed under this article for the Lake County convention and event center, and subject to budget committee review, by or in the name of the: (1) Indiana finance authority; (2) the northwest Indiana regional development authority; or (3) the City of Gary; are hereby legalized and declared valid after budget committee review. (c) Any resolutions, proceedings, or actions taken or adopted under this article or IC 5-1.2 under which the bonds, notes, evidence of indebtedness, leases, or other written legal obligations were or will be issued or incurred or under which the pledge, dedication, or designation of revenues, conveyance, or mortgage was or will be granted for the financing, construction, or operation of the Lake County convention and event center, and subject to budget committee review, by or in the name of the: (1) Indiana finance authority; (2) the northwest Indiana regional development authority; or (3) the City of Gary; are hereby legalized and declared valid after budget committee review.
As added by P.L.157-2026, SEC.269.
Source: official publisher (2026 edition)