Indiana § 5-1-11-6 - Other statutory authorization to issue and exchange bonds for refunding or redeeming outstanding bonds
Full text of Indiana Indiana Code § 5-1-11-6 — Other statutory authorization to issue and exchange bonds for refunding or redeeming outstanding bonds, with citation guidance and answers to common questions.
§ 5-1-11-6. Other statutory authorization to issue and exchange bonds for refunding or redeeming outstanding bonds
Sec. 6. (a) In cases where other statutes authorize the issuance and exchange of new bonds for the purpose of refunding or redeeming outstanding bonds for the payment of which no funds are available, it shall be the duty of the officers charged with issuance and exchange of the new bonds to cause the bonds to be offered:
(1) at a public sale as provided in this chapter; or
(2) alternatively, at a negotiated sale, in the case of:
(A) counties;
(B) townships;
(C) cities;
(D) towns;
(E) taxing districts;
(F) special taxing districts; and
(G) school corporations.
(b) In cases where it is necessary to provide for the refunding of bonds or interest coupons maturing at various times over a period not exceeding six (6) months, the bodies and officials charged with the duty of issuing and selling the refunding bonds may, for the purpose of reducing the cost of issuance of the bonds, issue and sell one (1) issue of bonds in an amount sufficient to provide for the refunding of all of the bonds and interest coupons required to be refunded during the six (6) month period.
[Pre-Local Government Recodification Citation: 19-8-5-6 part.]
As added by Acts 1980, P.L.8, SEC.19. Amended by P.L.125-2018, SEC.3; P.L.38-2021, SEC.2; P.L.236-2023, SEC.6; P.L.230-2025, SEC.4.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-1-11-6
What does Indiana Code § 5-1-11-6 cover?
Section 5-1-11-6 ("Other statutory authorization to issue and exchange bonds for refunding or redeeming outstanding bonds") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 5-1-11-6?
A common citation format is "Indiana Code § 5-1-11-6" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 5-1-11-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.