§ 21-34-6-13 — Actions to contest the validity of bonds

Indiana § 21-34-6-13

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 34: STATE EDUCATIONAL INSTITUTIONS:
• Ch. 6: Issuance of Bonds

Text

(a) An action to contest the validity of any
bonds issued under this article may not be brought after the fifteenth
day following:
(1) the first publication of notice of the sale or intent to sell the
bonds under IC 21-32-3 if the bonds are sold at public sale; or
(2) the publication one (1) time in newspapers described in IC 21-32-3-3 of notice of execution and delivery of the contract of
sale for the bonds if the bonds are sold at negotiated sale.
(b) The board of trustees of a state educational institution shall
publish notice under subsection (a)(2) if it sells bonds at negotiated
sale within thirty (30) days of execution of the contract of sale for the
bonds.
[Pre-2007 Higher Education Recodification Citations:
20-12-6-7(f); 20-12-6-7(g).]

Legislative History

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