Indiana § 21-34-10-8 Issuance of bonds without approval of the general assembly for
deferred expenditures

Indiana Statutes

§ 21-34-10-8 — Issuance of bonds without approval of the general assembly for deferred expenditures

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

Bonds may be issued by the board of trustees of Purdue University without the approval of the general assembly for deferred expenditures, as determined under accounting principles approved by the state board of accounts, to:

(1)repair, rehabilitate, remodel, renovate, or reconstruct existing facilities or buildings;

(2)improve or replace utilities or fixed equipment; or

(3)perform related site improvement work. However, the total amount of bonds issued for Purdue University under this section without the approval of the general assembly, other than refunding bonds and exclusive of costs described in sections 3 and 4 of this chapter, may not exceed sixty million dollars ($60,000,000). [Pre-2007 Higher Education Recodification Citation: 20-12-6-17(g).]

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Bonds may be issued by the board of trustees
of Purdue University without the approval of the general assembly for
deferred expenditures, as determined under accounting principles
approved by the state board of accounts, to:
(1) repair, rehabilitate, remodel, renovate, or reconstruct existing
facilities or buildings;
(2) improve or replace utilities or fixed equipment; or
(3) perform related site improvement work.
However, the total amount of bonds issued for Purdue University under
this section without the approval of the general assembly, other than
refunding bonds and exclusive of costs described in sections 3 and 4 of
this chapter, may not exceed sixty million dollars ($60,000,000).
[Pre-2007 Higher Education Recodification Citation:
20-12-6-17(g).]

Indiana § 21-34-10-8 (Issuance of bonds without approval of the general assembly for deferred expenditures) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.