21-34-5-4. Building facilities fund; use

IN Code § 21-34-5-4 (2019) (N/A)
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Sec. 4. Each building facilities fund may be used only:

(1) for the purposes stated in section 1 of this chapter; and

(2) in connection with the issuance of bonds under this article.

The uses may be further limited by the provisions stated in a resolution or a trust indenture that is adopted or approved by the board of trustees of the issuing state educational institution.

[Pre-2007 Higher Education Recodification Citation: 20-12-6-5(a) part.]

As added by P.L.2-2007, SEC.275.