Indiana Statutes
§ 21-32-3-5 — Determination of interest cost
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
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"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
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Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
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"Scholarship applicant"§ 21-12-1-16
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