1. (a) Sections 20 through 23 of this chapter may not be construed to affect the validity of:

   1. (1) any contracts executed before March 9, 1965; or
   2. (2) any bonds contracted to be sold before March 9, 1965.

2. (b) Sections 20 through 23 of this chapter do not apply to:

   1. (1) any facilities:

      1. (A) approved by:

         1. (i) the budget agency or any predecessor to the budget agency; and

         2. (ii) the governor;

            before March 9, 1965; or

      2. (B) for which temporary or interim financing commitments were made before March 9, 1965; or

   2. (2) the issuance of bonds for any facilities described in subdivision (1).

      [Pre-2007 Higher Education Recodification Citation: 20-12-7-11.]

As added by P.L.2-2007, SEC.276.