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2022 Indiana Code
Title 21. Higher Education
Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds
Chapter 10. Bonds; Review and Approval
21-34-10-3. Issuance of Bonds; Debt Service Reserves; Bond or Reserve Insurance; Other Costs
Universal Citation:
IN Code § 21-34-10-3 (2022)
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Sec. 3. In addition to and in connection with the amount of bonds that may be issued by a state educational institution for a specific project as provided in section 2(b)(2) of this chapter, the board of trustees of a state educational institution may also issue bonds in amounts necessary to provide funds for:
(1) debt service reserves;
(2) bond or reserve insurance; and
(3) other costs;
without additional approval by the general assembly, if these costs are incidental to the issuance of bonds for the project.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-17(b).]
As added by P.L.2-2007, SEC.275.
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