Indiana § 8-1-13-43 - Maximum borrowing and expenditures for economic development
Full text of Indiana Indiana Code § 8-1-13-43 — Maximum borrowing and expenditures for economic development, with citation guidance and answers to common questions.
§ 8-1-13-43. Maximum borrowing and expenditures for economic development
Sec. 43. (a) A corporation may not expend more than fifteen percent (15%) of its total utility plant for economic development.
(b) A corporation that is not an REA borrower (as defined in section 17(f) of this chapter) may not borrow any funds for an economic development project without approval of the Indiana utility regulatory commission.
As added by P.L.95-1993, SEC.2.
IC 8-1-13.1Chapter 13.1. RepealedRepealed by P.L.9-2025, SEC.9.
IC 8-1-14Chapter 14. Electric Transmission Lines Over Railroads
8-1-14-1Plans and specifications
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-1-13-43
What does Indiana Code § 8-1-13-43 cover?
Section 8-1-13-43 ("Maximum borrowing and expenditures for economic development") 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 § 8-1-13-43?
A common citation format is "Indiana Code § 8-1-13-43" (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 § 8-1-13-43 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.