Section 21-35-2-14 - Maximum amount of bonds Bonds may be issued for the amount or amounts as the board of trustees determines. However, these amounts may not exceed:
(1) the total estimated cost of acquiring, erecting, constructing, remodeling, renovating, completing, equipping, and furnishing any property as the respective trustees determine the cost to be; plus(2) incidental expenses, financing costs, underwriter's discount, funded or capitalized interest, municipal bond insurance premiums, or funding debt service reserve funds from bond proceeds.Pre-2007 Higher Education Recodification Citation: 20-12-7-2(c).
As added by P.L. 2-2007, SEC.276.