Sec. 7. The money in the building facilities funds may be accumulated and held by a state educational institution for purposes of this article and invested by a state educational institution pending the use of the money. Interest, dividends, or gains resulting from investments must be credited to the building facilities funds.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-5(d).]
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