Sec. 4. Bonds, regardless of when the amount of bonds is approved by the general assembly, may be issued in an amount not exceeding the sum of the following:
(1) The amount of bonds approved by the general assembly.
(2) The amounts described in section 3 of this chapter.
(3) The amount of the discount below par value, if bonds are sold at a price below par value under IC 21-32-3-2.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-17(c).]
As added by P.L.2-2007, SEC.275. Amended by P.L.3-2008, SEC.140.
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