Indiana Statutes
§ 21-35-4-9 — Net income of project; principal and interest on bond
Indiana·Title 21 HIGHER EDUCATION·Art. 35 STATE EDUCATIONAL INSTITUTIONS:·Ch. 4 Indiana State University; Dormitories
If the net income of a project in any year is not
sufficient to meet the total amount of the principal and interest on the
bonds that fall due in the year, the board of trustees may pay the
balance of the principal and interest falling due in the year out of any
other revenues and funds of Indiana State University that are available
to pay the principal and interest.
[Pre-2007 Higher Education Recodification Citation:
20-12-53-1(a) part.]
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Legislative History
As added by P.L.2-2007, SEC.276.
Nearby Sections
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