A state educational institution may not sell bonds:

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

2. (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.