Indiana Code 21-35-4-3. Issuance of bonds for the erection and construction of dormitories
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Sec. 3. Whenever the board of trustees of Indiana State University finds that:
(2) sufficient funds for the erection and construction of the dormitory for the housing of students will not be available out of the revenues and funds of Indiana State University in the year in which the necessity exists;
(1) a necessity exists for the building of a dormitory for the housing of students; and
Terms Used In Indiana Code 21-35-4-3
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
the board of trustees may issue and sell the bonds of the board of trustees.
[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]
As added by P.L.2-2007, SEC.276.