Sec. 14. The lien of the pledge or mortgage, to the extent of the lien:
(1) as determined and provided by the board of trustees; and
(2) as authorized under this chapter;
is a first and primary lien for the payment of the bonds and the interest on the bonds.
[Pre-2007 Higher Education Recodification Citation: 20-12-8-2(b).]
As added by P.L.2-2007, SEC.276.
Structure Indiana Code
Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements
Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds
21-35-3-1. Applicability of Chapter
21-35-3-2. Applicable Properties
21-35-3-3. Supplemental Effect of Chapter
21-35-3-4. Prior Contracts and Bonds Unaffected; Limited Applicability of Chapter
21-35-3-5. Effect of Acts 1977 p.l.250
21-35-3-8. Authority to Acquire Personal and Real Property
21-35-3-9. Authority to Improve and Use Acquired Property
21-35-3-10. Title to Acquired Property
21-35-3-11. Acquisition of Real Property; Approval of Governor; Conveyance and Execution of Deed
21-35-3-12. Issuance and Sale of Bonds
21-35-3-13. Bonds and Interest on Bonds Secured by Pledge or Mortgage
21-35-3-15. Maximum Bond Amounts
21-35-3-16. Determination of Denominations and Maturation of Bonds; Rates of Interest
21-35-3-17. Bonds and Pledges or Mortgages Made in the Name of the State Educational Institution
21-35-3-18. Limitation on State or Institutional Liability for Indebtedness
21-35-3-21. Contracts; Approval of the Budget Agency and Governor
21-35-3-23. Maximum Aggregate Principal Amount of Bonds Each Biennium