The bonds and the interest on the bonds may be secured by pledge or mortgage of:

1. (1) any property, real or personal, used or acquired or to be acquired and used for the property and the improvements made or to be made on the property;
2. (2) the net income from the property;
3. (3) the property and the net income from the property; or

4. (4) any unobligated net income of any property financed under this chapter;

   as the board of trustees may determine.

   [Pre-2007 Higher Education Recodification Citation: 20-12-8-2(a) part.]

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