Sec. 22. Bonds may not be issued by any of the institutions under this chapter unless the general assembly has provided for the bonds by establishing in the appropriation act the amount of bonds that the institutions may issue for the purposes described in section 14(1) of this chapter. However, the bonds, regardless of when the appropriation law was enacted, may be issued in an amount not exceeding:
(1) the amount of bonds approved in the appropriation law together with the amounts described in section 14(2) of this chapter; plus
(2) the amount of the discount below par value, if the bonds are sold at a price below par value under IC 21-32-3-2.
[Pre-2007 Higher Education Recodification Citation: 20-12-7-8.]
As added by P.L.2-2007, SEC.276.
Structure Indiana Code
Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements
21-35-2-1. Applicability of Chapter
21-35-2-2. Applicable Properties
21-35-2-3. Supplemental Effect of Chapter
21-35-2-4. Prior Contracts Validated
21-35-2-5. Effect of Acts 1977, p.l. 250
21-35-2-7. Authority to Acquire Real and Personal Property
21-35-2-8. Authority to Use Real or Personal Property Acquired
21-35-2-9. Title to Acquired Property
21-35-2-10. Acquisition of Real Property; Approval of Governor; Conveyance and Execution of Deed
21-35-2-11. Issuance and Sale of Bonds
21-35-2-12. Bonds and Interest on Bonds Secured by Pledges or Mortgages
21-35-2-14. Maximum Amount of Bonds
21-35-2-15. Determination of Denomination and Maturation of Bonds; Rates of Interest
21-35-2-16. Bonds and Pledges or Mortgages Made in the Name of the State Educational Institution
21-35-2-17. Liability of State or Institutions for Indebtedness Limited
21-35-2-20. Contracts; Approval of the Budget Agency and Governor