Additional bonds:

1. (1) shall be issued on the terms and conditions that the board of trustees of the issuing state educational institution determines; and

2. (2) may be:

   1. (A) secured equally and ratably, without preference, priority, or distinction, with the original issue of bonds; or

   2. (B) made junior to the original issue of bonds.

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

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