Indiana § 21-35-3-15 - Maximum bond amounts
Full text of Indiana Indiana Code § 21-35-3-15 — Maximum bond amounts, with citation guidance and answers to common questions.
§ 21-35-3-15. Maximum bond amounts
Sec. 15. The bonds may be issued for an amount or amounts as the board of trustees determines. However, these amounts may not exceed:
(1) the total estimated cost of acquiring property for and erecting, constructing, reconstructing, extending, remodeling, improving, completing, equipping, furnishing, and financing the proposed property as the board of trustees determines the cost to be; plus
(2) incidental expenses, financing costs, underwriter's discount, funded or capitalized interest, municipal bond insurance premiums, or funding debt service reserve funds from bond proceeds.
[Pre-2007 Higher Education Recodification Citation: 20-12-8-2(c).]
As added by P.L.2-2007, SEC.276.
Frequently Asked Questions About Indiana § 21-35-3-15
What does Indiana Code § 21-35-3-15 cover?
Section 21-35-3-15 ("Maximum bond amounts") 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 § 21-35-3-15?
A common citation format is "Indiana Code § 21-35-3-15" (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 § 21-35-3-15 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.