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

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).]

Indiana § 21-34-10-3 (Issuance of bonds; debt service reserves; bond or reserve insurance; other costs) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.