Ind. Code § 21-34-10-3

Current through P.L. 171-2024

Section 21-34-10-3 - Issuance of bonds; debt service reserves; bond or reserve insurance; other costs

In addition to and in connection with the amount of bonds that may be issued by a state educational institution for a specific project as provided in section 2(b)(2) of this chapter, the board of trustees of a state educational institution may also issue bonds in amounts necessary to provide funds for:

(1) debt service reserves;

(2) bond or reserve insurance; and

(3) other costs;

without additional approval by the general assembly, if these costs are incidental to the issuance of bonds for the project.

IC 21-34-10-3

Pre-2007 Higher Education Recodification Citation: 20-12-6-17(b).

As added by P.L. 2-2007, SEC.275.