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2019 Indiana Code
Title 21. Higher Education
Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements
Chapter 2. Construction and Operation of Fieldhouses, Gymnasiums, Student Unions, and Halls of Music; Revenue Bonds
21-35-2-12. Bonds and interest on bonds secured by pledges or mortgages
Universal Citation: IN Code § 21-35-2-12 (2019)
IC 21-35-2-12 Bonds and interest on bonds secured by pledges or mortgages
Sec. 12. Bonds, and the interest on the bonds, may be secured by pledge or mortgage of:
(1) any property, real or personal, used or acquired or to be acquired and used for the purposes described under this chapter and the improvements made or to be made on the property;
(2) the net income from the property;
(3) the property and the net income from the property; or
(4) any unobligated net income of any property financed under this chapter;
as the board of trustees determines.
[Pre-2007 Higher Education Recodification Citation: 20-12-7-2(a) part.]
As added by P.L.2-2007, SEC.276.
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