Indiana Code 21-35-2-22. Bond issuance; limitations
Current as of: 2024 | Check for updates
|
Other versions
Sec. 22. Bonds may not be issued by any of the institutions under this chapter unless the general assembly has provided for the bonds by establishing in the appropriation act the amount of bonds that the institutions may issue for the purposes described in section 14(1) of this chapter. However, the bonds, regardless of when the appropriation law was enacted, may be issued in an amount not exceeding:
(2) the amount of the discount below par value, if the bonds are sold at a price below par value under IC 21-32-3-2.
(1) the amount of bonds approved in the appropriation law together with the amounts described in section 14(2) of this chapter; plus
Terms Used In Indiana Code 21-35-2-22
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
[Pre-2007 Higher Education Recodification Citation: 20-12-7-8.]
As added by P.L.2-2007, SEC.276.