Ind. Code § 21-35-3-15
Maximum bond amounts
Indiana · Indiana Code Title 21 — Higher Education · Status: effective
Cite this
- Citation
- Ind. Code § 21-35-3-15, Maximum bond amounts, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1648969
- Permanent ID
ys:prov:1648969@1- SHA-256
117eed3241a114b53bf1068fd80fe5cb419e208a4935f3ecf602391940fe4d0e
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 15. The bonds may be issued for an amount or amounts as the board of trustees determines. However, these amounts may not exceed:
(1) the total estimated cost of acquiring property for and erecting, constructing, reconstructing, extending, remodeling, improving, completing, equipping, furnishing, and financing the proposed property as the board of trustees determines the cost to be; plus
(2) incidental expenses, financing costs, underwriter's discount, funded or capitalized interest, municipal bond insurance premiums, or funding debt service reserve funds from bond proceeds.