Ind. Code § 21-35-4-11

Current through P.L. 171-2024

Section 21-35-4-11 - Proceeds of sale of bonds

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.

IC 21-35-4-11

Pre-2007 Higher Education Recodification Citation: 20-12-53-1(c).

As added by P.L. 2-2007, SEC.276.