Indiana § 21-34-10-3 Issuance of bonds; debt service reserves; bond or reserve insurance;
other costs

Indiana Statutes

§ 21-34-10-3 — Issuance of bonds; debt service reserves; bond or reserve insurance; other costs

Indiana § 21-34-10-3

Title 21HIGHER EDUCATION

Art. 34STATE EDUCATIONAL INSTITUTIONS:

Ch. 10Bonds; Review and Approval

This text of Indiana § 21-34-10-3 (Issuance of bonds; debt service reserves; bond or reserve insurance; other costs) 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 § 21-34-10-3 (2026).

Text

In addition to and in connection with the amount of bonds that may be issued by a state educational institution for a specific project as provided in section 2(b)(2) of this chapter, the board of trustees of a state educational institution may also issue bonds in amounts necessary to provide funds for:

(1)debt service reserves;

(2)bond or reserve insurance; and

(3)other costs; without additional approval by the general assembly, if these costs are incidental to the issuance of bonds for the project. [Pre-2007 Higher Education Recodification Citation: 20-12-6-17(b).]

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In addition to and in connection with the
amount of bonds that may be issued by a state educational institution
for a specific project as provided in section 2(b)(2) of this chapter, the
board of trustees of a state educational institution may also issue bonds
in amounts necessary to provide funds for:
(1) debt service reserves;
(2) bond or reserve insurance; and
(3) other costs;
without additional approval by the general assembly, if these costs are
incidental to the issuance of bonds for the project.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-17(b).]