Indiana § 21-35-6-13 Bonds; rates of interest

Indiana Statutes

§ 21-35-6-13 — Bonds; rates of interest

Indiana § 21-35-6-13

Title 21HIGHER EDUCATION

Art. 35STATE EDUCATIONAL INSTITUTIONS:

Ch. 6Revenue Bonds; Vincennes University

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Bluebook

Ind. Code § 21-35-6-13 (2026).

Text

The rate or rates of interest of the bonds may
be fixed or variable. Variable rates are determined under the
procedures set forth in the resolution or indenture authorizing the
issuance of the bonds. Bonds bearing a variable rate of interest may be
converted to bonds bearing a fixed rate or rates of interest as set forth
in the resolution or indenture. The interest may be payable
semiannually, annually, or at other intervals provided in the resolution
or indenture, or the interest may be compounded and paid at maturity
or at any other time specified in the resolution or indenture.
[Pre-2007 Higher Education Recodification Citation:
23-13-18-17(g).]

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The rate or rates of interest of the bonds may
be fixed or variable. Variable rates are determined under the
procedures set forth in the resolution or indenture authorizing the
issuance of the bonds. Bonds bearing a variable rate of interest may be
converted to bonds bearing a fixed rate or rates of interest as set forth
in the resolution or indenture. The interest may be payable
semiannually, annually, or at other intervals provided in the resolution
or indenture, or the interest may be compounded and paid at maturity
or at any other time specified in the resolution or indenture.
[Pre-2007 Higher Education Recodification Citation:
23-13-18-17(g).]