Sec. 13. (a) An action to contest the validity of any bonds issued under this article may not be brought after the fifteenth day following:
(1) the first publication of notice of the sale or intent to sell the bonds under IC 21-32-3 if the bonds are sold at public sale; or
(2) the publication one (1) time in newspapers described in IC 21-32-3-3 of notice of execution and delivery of the contract of sale for the bonds if the bonds are sold at negotiated sale.
(b) The board of trustees of a state educational institution shall publish notice under subsection (a)(2) if it sells bonds at negotiated sale within thirty (30) days of execution of the contract of sale for the bonds.
[Pre-2007 Higher Education Recodification Citations: 20-12-6-7(f); 20-12-6-7(g).]
As added by P.L.2-2007, SEC.275.
Structure Indiana Code
21-34-6-1. Issuance and Sale of Bonds
21-34-6-4. Issuance of Bonds; Limitations on Amount
21-34-6-5. Additional Bonds; Terms and Conditions of Issuance
21-34-6-6. Issuance of Bonds; Refunding and Advance Refunding Bonds; Purpose
21-34-6-8. Maximum Amount of Bonds
21-34-6-9. Form; Terms; Conditions of Bonds
21-34-6-10. Resolutions and Indenture for Bonds
21-34-6-11. Public Sale of Bonds
21-34-6-12. Bonds and Interest Coupons
21-34-6-13. Actions to Contest the Validity of Bonds
21-34-6-14. Rates of Interest of Bonds
21-34-6-15. Payment of Interest
21-34-6-16. Mandatory Redemption