Indiana § 21-35-6-7 Maximum amount of bonds

Indiana Statutes

§ 21-35-6-7 — Maximum amount of bonds

Indiana·Title 21 HIGHER EDUCATION·Art. 35 STATE EDUCATIONAL INSTITUTIONS:·Ch. 6 Revenue Bonds; Vincennes University

Bonds authorized under this chapter may be issued in an amount or amounts as the board of trustees determines. However, the bonds may not exceed:

(1)the total estimated cost of any proposed building, facility, work, act, or undertaking authorized, including interest during construction, incidental expenses, debt service reserves, and financing costs; or

(2)the amount required to effect any proposed funding or refunding operation. [Pre-2007 Higher Education Recodification Citation: 23-13-18-17(a).]

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Bonds authorized under this chapter may be
issued in an amount or amounts as the board of trustees determines.
However, the bonds may not exceed:
(1) the total estimated cost of any proposed building, facility,
work, act, or undertaking authorized, including interest during
construction, incidental expenses, debt service reserves, and
financing costs; or
(2) the amount required to effect any proposed funding or
refunding operation.
[Pre-2007 Higher Education Recodification Citation:
23-13-18-17(a).]

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