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Ind. Code § 21-35-4-11

Proceeds of sale of bonds

Indiana · Indiana Code Title 21 — Higher Education · Status: effective

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Ind. Code § 21-35-4-11, Proceeds of sale of bonds, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1648990
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Sec. 11. The proceeds of sale of any bonds for a project shall be applied solely to: (1) the building of the project; and (2) the payment of principal and interest of the bonds if a surplus should exist after completion and full payment for the erection and construction of the project.