Sec. 1. (a) Bonds may not be issued by the board of trustees of a state educational institution under this article without the specific approval of the:
(1) budget committee;
(2) budget agency; and
(3) governor.
(b) The budget agency may request and consider the recommendation of the staff of the Indiana finance authority with respect to the approval of a bond issue under this section.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-16.]
As added by P.L.2-2007, SEC.275.
Structure Indiana Code
Chapter 10. Bonds; Review and Approval
21-34-10-1. Bonds; Approval of Budget Committee, Budget Agency, and Governor
21-34-10-2. Actions of General Assembly
21-34-10-3. Issuance of Bonds; Debt Service Reserves; Bond or Reserve Insurance; Other Costs
21-34-10-4. Maximum Amount of Bonds
21-34-10-5. Power to Issue Bonds
21-34-10-6. Issuance of Bonds Without Approval of the General Assembly; Maximum Amount
21-34-10-7. Issuance of Energy Savings Bonds; Limitations; General Assembly Approval
21-34-10-8. Issuance of Bonds Without Approval of the General Assembly for Deferred Expenditures