Ind. Code § 21-34-10-3
Issuance of bonds; debt service reserves; bond or reserve insurance; other costs
Indiana · Indiana Code Title 21 — Higher Education · Status: effective
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- Citation
- Ind. Code § 21-34-10-3, Issuance of bonds; debt service reserves; bond or reserve insurance; other costs, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1648909
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Full text
Sec. 3. In addition to and in connection with the amount of bonds that may be issued by a state educational institution for a specific project as provided in section 2(b)(2) of this chapter, the board of trustees of a state educational institution may also issue bonds in amounts necessary to provide funds for:
(1) debt service reserves;
(2) bond or reserve insurance; and
(3) other costs;
without additional approval by the general assembly, if these costs are incidental to the issuance of bonds for the project.