Security of Revenue Obligations

  1. Law
  2. Indiana Code
  3. Higher Education
  4. State Educational Institutions: Revenue Bonds and Other Financing Arrangements
  5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations
  6. Security of Revenue Obligations

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Sec. 6. Revenue obligations:

(1) must be secured in the manner provided in IC 21-35-2 and IC 21-35-3; and

(2) in addition, may be secured by the pledge or mortgage of the unobligated net revenues of any one (1) or more other revenue producing properties of the issuing state educational institution and by any other available income or funds.

[Pre-2007 Higher Education Recodification Citation: 20-12-9-3 part.]

As added by P.L.2-2007, SEC.276.


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