Building Facilities Fund; Use

  1. Law
  2. Indiana Code
  3. Higher Education
  4. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds
  5. Building Facilities Fees; Building Facilities Fund
  6. Building Facilities Fund; Use

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Sec. 4. Each building facilities fund may be used only:

(1) for the purposes stated in section 1 of this chapter; and

(2) in connection with the issuance of bonds under this article.

The uses may be further limited by the provisions stated in a resolution or a trust indenture that is adopted or approved by the board of trustees of the issuing state educational institution.

[Pre-2007 Higher Education Recodification Citation: 20-12-6-5(a) part.]

As added by P.L.2-2007, SEC.275.


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