Maximum amount of bonds

Ind. Code § 21-34-10-4
in effect
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Sec. 4. Bonds, regardless of when the amount of bonds is approved by the general assembly, may be issued in an amount not exceeding the sum of the following: (1) The amount of bonds approved by the general assembly. (2) The amounts described in section 3 of this chapter. (3) The amount of the discount below par value, if bonds are sold at a price below par value under IC 21-32-3-2. [Pre-2007 Higher Education Recodification Citation: 20-12-6-17(c).] As added by P.L.2-2007, SEC.275. Amended by P.L.3-2008, SEC.140.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026

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