Each building facilities fund may be used only:

1. (1) for the purposes stated in section 1 of this chapter; and

2. (2) in connection with the issuance of bonds under this article.

   The uses may be further limited by the provisions stated in a resolution or a trust indenture that is adopted or approved by the board of trustees of the issuing state educational institution.

   [Pre-2007 Higher Education Recodification Citation: 20-12-6-5(a) part.]

As added by P.L.2-2007, SEC.275.