Indiana § 21-35-5-5 - Issuance of revenue obligations; use
Full text of Indiana Indiana Code § 21-35-5-5 — Issuance of revenue obligations; use, with citation guidance and answers to common questions.
§ 21-35-5-5. Issuance of revenue obligations; use
Sec. 5. The board of trustees of a state educational institution may issue revenue obligations under IC 21-35-2 or IC 21-35-3 for any one (1) or more of the following:
(1) For any purpose or purposes for which IC 21-35-2 or IC 21-35-3 authorizes the borrowing of money.
(2) To reimburse the state educational institution for funds expended or advanced for interim financing of the cost of any revenue producing property before the issuance of revenue obligations on account of revenue producing property.
(3) Subject to applicable covenants and agreements with the holders of outstanding obligations, to fund or refund revenue obligations.
If the board of trustees determines that it would be advantageous to the state educational institution to exchange funding or refunding obligations for the revenue obligations being funded or refunded, the exchange may be made, if the actual interest cost is not increased.
[Pre-2007 Higher Education Recodification Citation: 20-12-9-2 part.]
As added by P.L.2-2007, SEC.276. Amended by P.L.3-2008, SEC.142.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-35-5-5
What does Indiana Code § 21-35-5-5 cover?
Section 21-35-5-5 ("Issuance of revenue obligations; use") 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 § 21-35-5-5?
A common citation format is "Indiana Code § 21-35-5-5" (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 § 21-35-5-5 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.