Sec. 6. Bonds for a project:
(1) may be issued by the board of trustees in the denomination and with the maturities; and
(2) must bear the rate of interest, payable semiannually;
as the board of trustees may fix and determine. However, the bonds may not be sold for less than par.
[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]
As added by P.L.2-2007, SEC.276.
Structure Indiana Code
Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements
Chapter 4. Indiana State University; Dormitories
21-35-4-1. Applicability of Chapter
21-35-4-2. Application of Chapter; Student Housing
21-35-4-3. Issuance of Bonds for the Erection and Construction of Dormitories
21-35-4-4. Bonds for a Project; Maximum Amount
21-35-4-5. Estimations and Findings of Costs
21-35-4-6. Bonds for a Project; Denomination, Maturation, and Interest Rates
21-35-4-7. Bonds for a Project; Sale
21-35-4-8. Bonds for a Project; Principal and Interest
21-35-4-9. Net Income of Project; Principal and Interest on Bond