There is a newer version
of
this Section
2021 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
21-35-2-14. Maximum Amount of Bonds
Universal Citation: IN Code § 21-35-2-14 (2021)
Sec. 14. 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.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
