Indiana Code Title 21. Higher Education § 21-34-6-4
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Sec. 4. In authorizing the issuance of bonds for any building facility or facilities, the board of the issuing state educational institution may:
(1) limit the amount of bonds that may be issued as a first lien and charge against the property, fees, income, and funds; and
(2) provide, after the original issuance of bonds, for the issuance of additional bonds secured by the same lien to provide funds to:
(A) pay the cost of acquiring, erecting, constructing, reconstructing, improving, rehabilitating, remodeling, repairing, completing, extending, enlarging, equipping, or furnishing the building facility or facilities for which the original bonds were issued;
(B) provide funds to pay the cost of additional building facilities under this article; or
(C) perform actions under both clauses (A) and (B).
Cite this article: FindLaw.com - Indiana Code Title 21. Higher Education § 21-34-6-4 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-21-higher-education/in-code-sect-21-34-6-4/
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