Sec. 5. Additional bonds:
(1) shall be issued on the terms and conditions that the board of trustees of the issuing state educational institution determines; and
(2) may be:
(A) secured equally and ratably, without preference, priority, or distinction, with the original issue of bonds; or
(B) made junior to the original issue of bonds.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-6(d).]
As added by P.L.2-2007, SEC.275.
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