Ind. Code § 21-35-4-6
Bonds for a project; denomination, maturation, and interest rates
As added by P.L.2-2007, SEC.276.
Bonds for a project:
- (1) may be issued by the board of trustees in the denomination and with the maturities; and
(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.