Sec. 14. The lien of the pledge or mortgage, to the extent of the lien:
(1) as determined and provided by the board of trustees; and
(2) as authorized under this chapter;
is a first and primary lien for the payment of the bonds and the interest on the bonds.
[Pre-2007 Higher Education Recodification Citation: 20-12-8-2(b).]
As added by P.L.2-2007, SEC.276.