Indiana § 21-34-5-8 Issuance of bonds

Indiana Statutes

§ 21-34-5-8 — Issuance of bonds

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

If bonds are issued in anticipation of the
collection of building facilities fees, the issuing board of trustees of a
state educational institution shall fix, charge, and collect the building
facilities fees in amounts sufficient, together with other available funds,
to pay the interest on and the principal of the bonds, in accordance with
the terms of the bonds, so long as any of the bonds are outstanding.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-5(e).]

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If bonds are issued in anticipation of the
collection of building facilities fees, the issuing board of trustees of a
state educational institution shall fix, charge, and collect the building
facilities fees in amounts sufficient, together with other available funds,
to pay the interest on and the principal of the bonds, in accordance with
the terms of the bonds, so long as any of the bonds are outstanding.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-5(e).]

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