There is a newer version
of
this Section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 6. Revenue Bonds; Vincennes University
21-35-6-13. Bonds; Rates of Interest
Universal Citation: IN Code § 21-35-6-13 (2021)
Sec. 13. The rate or rates of interest of the bonds may be fixed or variable. Variable rates are determined under the procedures set forth in the resolution or indenture authorizing the issuance of the bonds. Bonds bearing a variable rate of interest may be converted to bonds bearing a fixed rate or rates of interest as set forth in the resolution or indenture. The interest may be payable semiannually, annually, or at other intervals provided in the resolution or indenture, or the interest may be compounded and paid at maturity or at any other time specified in the resolution or indenture.
[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(g).]
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.
