§ 21-34-5-3 — Building facilities fund

Indiana § 21-34-5-3

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 34: STATE EDUCATIONAL INSTITUTIONS:
• Ch. 5: Building Facilities Fees; Building Facilities Fund

Text

The board of trustees of each state educational
institution shall deposit to the credit of a special fund to be established
and designated as the building facilities fund of the board of trustees of
the state educational institution or the state educational institution
under its control:
(1) all building facilities fees collected by the state educational
institution; and
(2) to the extent provided or required by any resolution or trust
indenture that is adopted or approved by the board of trustees of
the issuing state educational institution, all other fees, income, or
funds pledged to secure the payment of bonds, and the interest on
the bonds issued under this article.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-5(a) part.]

Legislative History

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