Indiana Code
Chapter 6. Revenue Bonds; Vincennes University
21-35-6-7. Maximum Amount of Bonds

Sec. 7. Bonds authorized under this chapter may be issued in an amount or amounts as the board of trustees determines. However, the bonds may not exceed:
(1) the total estimated cost of any proposed building, facility, work, act, or undertaking authorized, including interest during construction, incidental expenses, debt service reserves, and financing costs; or
(2) the amount required to effect any proposed funding or refunding operation.
[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(a).]
As added by P.L.2-2007, SEC.276.

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