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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: - Indiana Code Title 21. Higher Education § 21-35-2-14 - last updated June 08, 2021 |

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