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

Indiana § 21-34-10-2

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

Text

(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).]

Legislative History

As added by P.L.2-2007, SEC.275.