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2018 Indiana Code
TITLE 21. Higher Education
ARTICLE 35. STATE EDUCATIONAL INSTITUTIONS: REVENUE BONDS AND OTHER FINANCING ARRANGEMENTS
CHAPTER 4. Indiana State University; Dormitories
21-35-4-9. Net income of project; principal and interest on bond
Universal Citation: IN Code § 21-35-4-9 (2018)
IC 21-35-4-9 Net income of project; principal and interest on bond
Sec. 9. If the net income of a project in any year is not sufficient to meet the total amount of the principal and interest on the bonds that fall due in the year, the board of trustees may pay the balance of the principal and interest falling due in the year out of any other revenues and funds of Indiana State University that are available to pay the principal and interest.
[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]
As added by P.L.2-2007, SEC.276.
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