Sec. 4. Each building facilities fund may be used only:
(1) for the purposes stated in section 1 of this chapter; and
(2) in connection with the issuance of bonds under this article.
The uses may be further limited by the provisions stated in a resolution or a trust indenture that is adopted or approved by the board of trustees of the issuing state educational institution.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-5(a) part.]
As added by P.L.2-2007, SEC.275.
Structure Indiana Code
Chapter 5. Building Facilities Fees; Building Facilities Fund
21-34-5-1. Authority to Collect Building Facilities Fees
21-34-5-2. Collection of Building Facilities Fees
21-34-5-3. Building Facilities Fund
21-34-5-4. Building Facilities Fund; Use
21-34-5-5. Building Facilities Fund; Deposits