Allow lease rental obligations to be paid from fund; annual budget requirement

Ind. Code § 20-25.3-7-6
in effect
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Sec. 6. (a) Lease rental obligations on account of leases entered into under IC 20-47-2 or IC 20-47-3 may be paid by a corporation from the debt service fund. (b) Payments described in subsection (a) must be provided for in the annual budget for the fund from which the payment is made. As added by P.L.101-2026, SEC.12.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026