21-35-4-6. Bonds for a project; denomination, maturation, and interest rates

IN Code § 21-35-4-6 (2019) (N/A)
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Sec. 6. Bonds for a project:

(1) may be issued by the board of trustees in the denomination and with the maturities; and

(2) must bear the rate of interest, payable semiannually;

as the board of trustees may fix and determine. However, the bonds may not be sold for less than par.

[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]

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