Indiana Statutes

§ 21-35-5-9 — Revenue obligations; contents

Indiana·Title 21 HIGHER EDUCATION·Art. 35 STATE EDUCATIONAL INSTITUTIONS:·Ch. 5 Revenue Producing Property; Supplemental Procedures

The resolution or the indenture for revenue obligations may include:

(1)provisions for protecting and enforcing the rights and remedies of the holders of the revenue obligations being issued;
(2)covenants setting forth the duties of the state educational institution and its officers in relation to:
(A)the:
(i)acquisition, construction, operation, and maintenance of; and
(ii)insurance to be carried on; the property or properties on account of which the revenue obligations are being issued; and
(B)the maintenance of fees and charges to be collected on account of the properties;
(3)provisions for:
(A)the custody, safeguarding, and application of all money;
(B)the rights and remedies of the trustee and the holders of the obligations being issued; and
(C)the issuance of additional par

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Legislative History

As added by P.L.2-2007, SEC.276.

Nearby Sections

15
§ 21-12-1-1
Definitions
§ 21-12-1-11
"Fund"
§ 21-12-1-12
Repealed
§ 21-12-1-13
"Program"
§ 21-12-1-14
"Scholarship"
§ 21-12-1-2
"Academic term"
§ 21-12-1-3
"Academic year"
§ 21-12-1-4
"Active duty"
§ 21-12-1-4.5
"Adult student grant"
§ 21-12-1-6
"Commission"
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