Section 21-35-6-7 - Maximum amount of bonds 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).
As added by P.L. 2-2007, SEC.276.