Ind. Code ch. 5-1.3-1

in effect

Ind. Code § 5-1.3-1-0.5 Obligations legalized and validated

Sec. 0.5. (a) All bonds, notes, evidences of indebtedness, leases, or other written obligations issued or executed under this article by or in the name of the: (1) IFA; (2) NWIRDA; and (3) NICTD; before April 30, 2019, are hereby legalized and declared valid. (b) Any pledge, dedication or designation of revenues, conveyance, or mortgage securing the bonds, notes, evidences of indebtedness, leases, or other written obligations issued or executed under this article by or in the name of the: (1) IFA; (2) NWIRDA; and (3) NICTD; before April 30, 2019, are hereby legalized and declared valid. (c) Any resolutions adopted, proceedings had, and actions taken under this article by the: (1) IFA; (2) NWIRDA; and (3) NICTD; before April 30, 2019, under which the bonds, notes, evidences of indebtedness, leases, or other written obligations were or will be issued or under which the pledge, dedication or designation of revenues, conveyance, or mortgage was or will be granted are hereby legalized and declared valid. As added by P.L.259-2019, SEC.2.

Ind. Code § 5-1.3-1-1 Findings; declaration

Sec. 1. (a) The general assembly makes the following findings of fact: (1) The communities in northwest Indiana face unique and distinct challenges and opportunities related to transportation and economic development that are different in scope and type than those faced by other communities in Indiana. (2) The general assembly routinely appropriates money to communities throughout the state based on its policy determinations with regard to local need, and has previously authorized appropriations for the development and improvement of the commuter rail system in northwest Indiana. (3) It is necessary to serve the public interest and to provide for the public welfare by adopting this article for the purposes described in this article. (b) Any bonds, leases, or obligations entered into under this article by the IFA do not constitute an indebtedness of the state within the meaning or application of any constitutional or statutory provision, prohibition, or limitation. As added by P.L.189-2018, SEC.26.

Ind. Code § 5-1.3-1-2 Supplemental and additional powers

Sec. 2. This article provides an additional and alternative method for doing the things authorized by this article, and is supplemental and additional to powers conferred by other laws and not in derogation of any other powers. As added by P.L.189-2018, SEC.26.

Ind. Code § 5-1.3-1-3 Conflicting provisions

Sec. 3. This article is necessary for the welfare of the state and its inhabitants and shall be liberally construed to effect the purposes of this article. If any other law or rule is inconsistent with this article, this article is controlling as to the financing, acquisition, or construction undertaken under this article. As added by P.L.189-2018, SEC.26.

Ind. Code § 5-1.3-1-4 Leases; authorization

Sec. 4. This article contains full and complete authorization for leases between the IFA and: (1) the NWIRDA; (2) the NICTD; (3) a unit; (4) a political subdivision; or (5) a governmental entity; for a rail project. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the IFA, the NWIRDA, or the NICTD or any other officer, department, agency, or instrumentality of the state, any unit, political subdivision, or governmental entity is required to enter into any lease, except as prescribed in this article. As added by P.L.189-2018, SEC.26.

Ind. Code § 5-1.3-1-5 Applicability

Sec. 5. (a) This article: (1) applies to: (A) the IFA; (B) the NWIRDA; and (C) the NICTD; only when acting for the purposes set forth in this article; and (2) does not apply to: (A) the IFA; (B) the NWIRDA; or (C) the NICTD; when acting under any other statute for any other purpose. (b) This article does not apply to a transit development district established by the NWIRDA under IC 36-7.5-4.5. As added by P.L.189-2018, SEC.26.

Ind. Code § 5-1.3-1-6 Conflicting requirements

Sec. 6. When acting pursuant to powers specifically granted in this article, the IFA, the NWIRDA, and the NICTD are not required to comply with any other state statute or law unless it is required by this article. As added by P.L.189-2018, SEC.26.

Ind. Code § 5-1.3-1-7 Authorization

Sec. 7. The IFA, the NWIRDA, and the NICTD may do all things necessary or proper to carry out this article. As added by P.L.189-2018, SEC.26.

Ind. Code § 5-1.3-1-8 Contesting the validity of an action

Sec. 8. (a) An action to contest the validity of any action taken under this article may not be brought after the fifteenth day following the date the resolution of: (1) the IFA; (2) the NWIRDA; or (3) the NICTD; is adopted approving the action taken, provided the applicable statutory procedures have been completed. (b) If an action challenging an action taken under this article is not brought within the time prescribed by this section, the lease, contract, bonds, notes, obligations, or other action taken shall be conclusively presumed to be fully authorized and valid under the laws of the state and any person is estopped from further questioning the authorization, validity, execution, delivery, or issuance of the lease, contract, bonds, notes, obligations, or other action. As added by P.L.189-2018, SEC.26.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026