§ 21-34-6-4 — Issuance of bonds; limitations on amount

Indiana § 21-34-6-4

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

Text

In authorizing the issuance of bonds for any
building facility or facilities, the board of the issuing state educational
institution may:
(1) limit the amount of bonds that may be issued as a first lien and
charge against the property, fees, income, and funds; and
(2) provide, after the original issuance of bonds, for the issuance
of additional bonds secured by the same lien to provide funds to:
(A) pay the cost of acquiring, erecting, constructing,
reconstructing, improving, rehabilitating, remodeling, repairing,
completing, extending, enlarging, equipping, or furnishing the
building facility or facilities for which the original bonds were
issued;
(B) provide funds to pay the cost of additional building
facilities under this article; or
(C) perform actions under both clauses (A) and (B).
[Pre-2007 Higher Education Recodification Citation:
20-12-6-6(c).]

Legislative History

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