Sec. 6. Bonds may be issued by the board of trustees of a state educational institution without the approval of the general assembly if, after the issuance, the total amount of outstanding bonds issued by the board of trustees of a state educational institution without approval will not exceed two million dollars ($2,000,000). However, the bonds must be approved as provided in section 1 of this chapter.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-17(e).]
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