Indiana § 21-35-2-23 - Actions to contest validity of bonds

§ 21-35-2-23. Actions to contest validity of bonds

Sec. 23. An action to contest the validity of any bonds issued under this chapter may not be brought after the fifteenth day following:

(1) the first publication of notice of the sale or intent to sell the bonds under IC 21-32-3 if the bonds are sold at public sale; or

(2) the publication one (1) time in newspapers described in IC 21-32-3-3 of notice of the execution and delivery of the contract of sale for the bonds if the bonds are sold at negotiated sale.

The state educational institution shall publish notice under subdivision (2) if it sells bonds at negotiated sale no later than thirty (30) days after the execution of the contract of sale for the bonds.

[Pre-2007 Higher Education Recodification Citation: 20-12-7-9.]

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

IC 21-35-3Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds

21-35-3-1Applicability of chapter 21-35-3-2Applicable properties 21-35-3-3Supplemental effect of chapter 21-35-3-4Prior contracts and bonds unaffected; limited applicability of chapter 21-35-3-5Effect of Acts 1977 P.L.250 21-35-3-6Construction, improvement, operation, and control of various facilities; acquisition of real and personal property for facilities; authorized 21-35-3-7Indiana University and Purdue University boards; power to construct, improve, operate, and control various facilities; limitations on use of fees 21-35-3-8Authority to acquire personal and real property 21-35-3-9Authority to improve and use acquired property 21-35-3-10Title to acquired property 21-35-3-11Acquisition of real property; approval of governor; conveyance and execution of deed 21-35-3-12Issuance and sale of bonds 21-35-3-13Bonds and interest on bonds secured by pledge or mortgage 21-35-3-14Liens 21-35-3-15Maximum bond amounts 21-35-3-16Determination of denominations and maturation of bonds; rates of interest 21-35-3-17Bonds and pledges or mortgages made in the name of the state educational institution 21-35-3-18Limitation on state or institutional liability for indebtedness 21-35-3-19Authority to furnish heat, light, power, and other like facilities or services with or without charge 21-35-3-20Tax exemption 21-35-3-21Contracts; approval of the budget agency and governor 21-35-3-22Issuance of bonds; approval of the budget agency, budget committee, and governor; recommendations; refunds 21-35-3-23Maximum aggregate principal amount of bonds each biennium 21-35-3-24Actions to contest validity of bonds