Indiana § 21-34-7-1 - Written contract for grants
Full text of Indiana Indiana Code § 21-34-7-1 — Written contract for grants, with citation guidance and answers to common questions.
§ 21-34-7-1. Written contract for grants
Sec. 1. (a) The board of trustees of a state educational institution that has entered into a written contract for a grant, pending the receipt of the grant, but within the limitations set forth in section 2 of this chapter, may:
(1) borrow from any person; and
(2) evidence the debt by a note or a series of notes of equal or unequal amounts containing the terms and conditions that the board of trustees of the state educational institution prescribes.
(b) Any note may pledge, for the payment of the principal and interest of the note:
(1) the proceeds of the grant; and
(2) any revenue that may be derived from the building facility being constructed, acquired, renovated, or improved by the proceeds of the note or notes.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-8.5(a).]
As added by P.L.2-2007, SEC.275. Amended by P.L.3-2008, SEC.139.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-34-7-1
What does Indiana Code § 21-34-7-1 cover?
Section 21-34-7-1 ("Written contract for grants") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 21-34-7-1?
A common citation format is "Indiana Code § 21-34-7-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-34-7-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.