Indiana § 21-34-10-2 Actions of general assembly

Indiana Statutes

§ 21-34-10-2 — Actions of general assembly

Indiana·Title 21 HIGHER EDUCATION·Art. 34 STATE EDUCATIONAL INSTITUTIONS:·Ch. 10 Bonds; Review and Approval

(a)Except:

(1)for grant anticipation notes; and

(2)as provided in this chapter; no bonds shall be issued for a project by the board of trustees of a state educational institution under this article unless the general assembly has taken the actions described in subsection (b).

(b)As a condition of issuing bonds, the general assembly must have:

(1)specifically approved the project to be financed through the issuance and sale of these bonds; and

(2)provided the amount of bonds that may be issued to fund the costs of acquiring, constructing, remodeling, renovating, furnishing, or equipping the specific project approved. [Pre-2007 Higher Education Recodification Citation: 20-12-6-17(a).]

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(a) Except:
(1) for grant anticipation notes; and
(2) as provided in this chapter;
no bonds shall be issued for a project by the board of trustees of a state
educational institution under this article unless the general assembly
has taken the actions described in subsection (b).
(b) As a condition of issuing bonds, the general assembly must
have:
(1) specifically approved the project to be financed through the
issuance and sale of these bonds; and
(2) provided the amount of bonds that may be issued to fund the
costs of acquiring, constructing, remodeling, renovating,
furnishing, or equipping the specific project approved.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-17(a).]

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