Indiana Code Title 21. Higher Education § 21-35-2-14
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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.
Cite this article: FindLaw.com - Indiana Code Title 21. Higher Education § 21-35-2-14 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-21-higher-education/in-code-sect-21-35-2-14/
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