Indiana Statutes
§ 21-32-3-5 — Determination of interest cost
Indiana § 21-32-3-5
JurisdictionIndiana
Title 21HIGHER EDUCATION
Art. 32STATE EDUCATIONAL INSTITUTIONS: BONDS
Ch. 3Sale of Bonds
This text of Indiana § 21-32-3-5 (Determination of interest cost) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 21-32-3-5 (2026).
Text
A state educational institution shall award bonds sold at public sale to the bidder offering the lowest interest cost to be determined by:
(1)computing the total interest on the bonds from the date of the
sale to the date of maturity; and
(2)either:
(A)deducting from the total interest the amount of any
premium bid; or
(B)adding to the total interest the amount of any discount.
[Pre-2007 Higher Education Recodification Citation:
4-1-5-1(c) part.]
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Legislative History
As added by P.L.2-2007, SEC.273.
Nearby Sections
15
§ 21-12-1-1
Definitions§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 21-12-1-2
"Academic term"§ 21-12-1-3
"Academic year"§ 21-12-1-4
"Active duty"§ 21-12-1-4.5
"Adult student grant"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 21-32-3-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/21-32-3-5.