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

Indiana Statutes

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

Indiana § 21-35-5-9

Title 21HIGHER EDUCATION

Art. 35STATE EDUCATIONAL INSTITUTIONS:

Ch. 5Revenue Producing Property; Supplemental Procedures

This text of Indiana § 21-35-5-9 (Revenue obligations; contents) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 21-35-5-9 (2026).

Text

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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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 parity obligations or junior lien
obligations secured by pledge or mortgage of the revenues and
property described in the resolution or indenture; and
(4) the other terms, conditions, limitations, and covenants that the
board of trustees determines proper.
[Pre-2007 Higher Education Recodification Citation:
20-12-9-4 part.]