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2019 Indiana Code
Title 21. Higher Education
Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements
Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds
21-35-3-15. Maximum bond amounts
Universal Citation: IN Code § 21-35-3-15 (2019)
IC 21-35-3-15 Maximum bond amounts
Sec. 15. The bonds may be issued for an amount or amounts as the board of trustees determines. However, these amounts may not exceed:
(1) the total estimated cost of acquiring property for and erecting, constructing, reconstructing, extending, remodeling, improving, completing, equipping, furnishing, and financing the proposed property as the board of trustees determines 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: 20-12-8-2(c).]
As added by P.L.2-2007, SEC.276.
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