Indiana Statutes
§ 21-32-3.5-2 — Authority to issue bonds; debt service; sources of revenue
Indiana § 21-32-3.5-2
JurisdictionIndiana
Title 21HIGHER EDUCATION
Art. 32STATE EDUCATIONAL INSTITUTIONS: BONDS
Ch. 3.5Retirement Liability Bonds
This text of Indiana § 21-32-3.5-2 (Authority to issue bonds; debt service; sources of revenue) 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 § 21-32-3.5-2 (2026).
Text
(a)The board of trustees of a state
educational institution may issue bonds for payment of retirement
liabilities and pay the proceeds of the bonds to the Indiana public
retirement system.
(b)The board of trustees of a state educational institution may
establish debt service reserves or sinking funds with proceeds of bonds
issued to fund retirement liabilities.
(c)Bonds issued under this chapter may be payable from student
fees, legally available funds, sinking funds, debt service reserve funds,
general operating revenues, or any combination of these sources. Bonds
may be issued under this chapter by a board of trustees only after the
approvals required under IC 21-35-3-22.
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Legislative History
As added by P.L.213-2015, SEC.241.
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Repealed§ 21-12-1-13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 § 21-32-3.5-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/21-32-3.5-2.