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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 6. Issuance of Bonds
21-34-6-13. Actions to Contest the Validity of Bonds

Universal Citation:
IN Code § 21-34-6-13 (2022)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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Sec. 13. (a) An action to contest the validity of any bonds issued under this article may not be brought after the fifteenth day following:

(1) the first publication of notice of the sale or intent to sell the bonds under IC 21-32-3 if the bonds are sold at public sale; or

(2) the publication one (1) time in newspapers described in IC 21-32-3-3 of notice of execution and delivery of the contract of sale for the bonds if the bonds are sold at negotiated sale.

(b) The board of trustees of a state educational institution shall publish notice under subsection (a)(2) if it sells bonds at negotiated sale within thirty (30) days of execution of the contract of sale for the bonds.

[Pre-2007 Higher Education Recodification Citations: 20-12-6-7(f); 20-12-6-7(g).]

As added by P.L.2-2007, SEC.275.

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