Payment of Interest

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Sec. 15. Interest may be:

(1) payable semiannually, annually, or at any other interval or intervals as may be provided in the resolution or indenture; or

(2) compounded and paid at maturity or at any other times as specified in the resolution or indenture.

[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(h) part.]

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


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