Indiana § 21-35-2-14 Maximum amount of bonds

Indiana Statutes

§ 21-35-2-14 — Maximum amount of bonds

Indiana·Title 21 HIGHER EDUCATION·Art. 35 STATE EDUCATIONAL INSTITUTIONS:·Ch. 2 Construction and Operation of Fieldhouses,

Bonds may be issued for the amount or amounts as the board of trustees determines. However, these amounts may not exceed:

(1)the total estimated cost of acquiring, erecting, constructing, remodeling, renovating, completing, equipping, and furnishing any property as the respective trustees determine the cost to be; plus

(2)incidental expenses, financing costs, underwriter's discount, funded or capitalized interest, municipal bond insurance premiums, or funding debt service reserve funds from bond proceeds. [Pre-2007 Higher Education Recodification Citation: 20-12-7-2(c).]

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Bonds may be issued for the amount or
amounts as the board of trustees determines. However, these amounts
may not exceed:
(1) the total estimated cost of acquiring, erecting, constructing,
remodeling, renovating, completing, equipping, and furnishing
any property as the respective trustees determine the cost to be;
plus
(2) incidental expenses, financing costs, underwriter's discount,
funded or capitalized interest, municipal bond insurance
premiums, or funding debt service reserve funds from bond
proceeds.
[Pre-2007 Higher Education Recodification Citation:
20-12-7-2(c).]

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