Section 5-1.2-4-24 - Application of state laws(a) The issuance of bonds and the adoption of rules under the referenced statutes need not comply with the requirements of any other state laws applicable to the issuance of the bonds or adoption of these rules. No proceedings, notice, or approval is required for the issuance of any bonds or any instrument or the security for the bonds or instrument, except as provided in the referenced statutes.(b) All: (1) economic development projects for which funds are advanced, loaned, or otherwise provided by the authority under IC 5-1.2-9; and(2) eligible projects for which funds are loaned by the authority under IC 5-1.2-15.5; must be in compliance with any land use, zoning, subdivision, and other laws of this state applicable to the land upon which the economic development project or eligible project is located or is to be constructed, but a failure to comply with these laws does not invalidate any bonds issued to finance an economic development project under IC 5-1.2-9 or an eligible project under IC 5-1.2-15.5.
Amended by P.L. 204-2023,SEC. 4, eff. 7/1/2023.Added by P.L. 189-2018,SEC. 25, eff. 7/1/2018.