Sec. 2. A state educational institution may not sell bonds:

(1) for less than ninety percent (90%); or

(2) with an underwriter’s discount that exceeds three percent (3%);

of the par value of the bonds.

[Pre-2007 Higher Education Recodification Citation: 4-1-5-1(a) part.]

As added by P.L.2-2007, SEC.273.