Bonds for a project:

1. (1) may be issued by the board of trustees in the denomination and with the maturities; and

2. (2) must bear the rate of interest, payable semiannually;

   as the board of trustees may fix and determine. However, the bonds may not be sold for less than par.

   [Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]

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