reglab/housing_qa huggingface dataset:
IN Code § 21-35-6-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-1. Applicability of Chapter

Sec. 1. This chapter applies to Vincennes University.[2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-2. Applicable Property

Sec. 2. This chapter applies to all property acquired or improved for Vincennes University.[2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-3. Issuance and Sale of Bonds

Sec. 3. For the purpose of:(1) raising funds for improving property;(2) acquiring property;(3) the interim financing of the cost of any such improvement or acquisition;(4) the reimbursing of the trustees for funds expended or advanced for interim financing of the cost of any such improvement or acquisition, or, subject to existing covenants and agreements with the holders of outstanding bonds, for funding or refunding bonds issued under this chapter; or(5) for any one (1) or more of the activities described in subdivisions (1) through (4);the board of trustees may issue and sell revenue bonds.[Pre-2007 Higher Education Recodification Citation: 23-13-18-15(a).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-4. Security of Bonds

Sec. 4. The revenue bonds and the interest on revenue bonds of Vincennes University may be secured in any one (1) or more of the following ways, as the board of trustees may determine:(1) By pledge or mortgage of any property, real or personal, used or acquired or to be acquired and used for the purposes of Vincennes University and the improvements made or to be made on the property.(2) By pledge or mortgage of the net income from the property.(3) By the pledge or mortgage of the unobligated net revenues of any one (1) or more other properties of the board of trustees.(4) In the case of revenue bonds issued under this chapter for interim financing of any property, by pledge of the funds derived from the sale of the bonds issued and sold under this chapter for the permanent financing of property.[Pre-2007 Higher Education Recodification Citation: 23-13-18-15(b).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-5. Liens

Sec. 5. (a) The lien of a pledge or mortgage under section 4 of this chapter, as determined and provided by the board of trustees and as authorized by this chapter, shall be a first and primary lien for the payment of the bonds and the interest on the bonds. In authorizing the issuance of the revenue bonds for any particular property or properties, the board of trustees may:(1) limit the amount of bonds that may be issued as a first lien and charge against the property or properties and the net income from the properties; or(2) subsequently authorize the issuance periodically of additional obligations secured by the same lien:(A) to provide funds for the completion of the property or properties on account of which the original bonds were issued;(B) for any other purpose for which Vincennes University has authority to issue bonds; or(C) for purposes of both clauses (A) and (B).(b) Additional bonds:(1) shall be issued on the terms and conditions that the board of trustees determines; and(2) may be secured equally and ratably, without preference, priority, or distinction, with the original issue of bonds or may be made junior to the original bonds.[Pre-2007 Higher Education Recodification Citation: 23-13-18-15(c).]As added by P.L.2-2007, SEC.276. Amended by P.L.3-2008, SEC.143.
IN Code § 21-35-6-6 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-6. Authority to Exchange Funding or Refund Bonds

Sec. 6. If the board of trustees determines that it would be advantageous to Vincennes University to exchange funding or refunding bonds for bonds being refunded, the exchange may be made, if the actual interest cost is not increased.[Pre-2007 Higher Education Recodification Citation: 23-13-18-15(d).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-7. Maximum Amount of Bonds

Sec. 7. Bonds authorized under this chapter may be issued in an amount or amounts as the board of trustees determines. However, the bonds may not exceed:(1) the total estimated cost of any proposed building, facility, work, act, or undertaking authorized, including interest during construction, incidental expenses, debt service reserves, and financing costs; or(2) the amount required to effect any proposed funding or refunding operation.[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(a).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-8. Bonds; Form; Terms and Conditions; Rates of Interest

Sec. 8. The bonds authorized under this chapter may be issued in the form, upon the terms and conditions, at the rates of interest, and in the denominations (which may be made convertible into different denominations) determined by:(1) the adoption of a resolution;(2) approval of a form of trust indenture between Vincennes University and a designated corporate trustee; or(3) both subdivisions (1) and (2).[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(b).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-9. Resolution and Indenture for Bonds; Contents

Sec. 9. The resolution or the indenture for bonds authorized under this chapter may include:(1) provisions for protecting and enforcing the rights and remedies of the holders of the bonds being issued;(2) covenants setting forth the duties of Vincennes University and its officers in relation to the acquisition, construction, operation, maintenance, use, abandonment, insurance to be carried on its property, and the maintenance of fees and charges to be collected on account of its property;(3) provisions for the custody, safeguarding, application of all money, and the rights and remedies of the trustee and the holders of the bonds being issued;(4) provisions for the issuance of additional bonds as provided in the resolution or indenture; and(5) other terms, conditions, limitations, and covenants as the board of trustees of Vincennes University considers proper.[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(c).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-10. Public Sale of Bonds

Sec. 10. The bonds authorized under this chapter shall be sold at public sale or negotiated sale to the highest bidder as provided by IC 21-32-3. All bonds and the interest coupons appertaining to the bonds issued under this chapter are negotiable instruments within the meaning and for all purposes under the laws of Indiana, subject only to the provisions of the bonds for registration as to principal, or as to principal and interest. Any bonds registered as to principal and interest may be made convertible to bearer bonds with coupons.[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(d).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-11 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-11. Actions to Contest Validity of Bonds

Sec. 11. 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 execution and delivery of the contract of sale for the bonds if the bonds are sold at negotiated sale.[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(e).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-12 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-12. Bonds; Notice of Sale

Sec. 12. Vincennes University shall publish notice under section 11(2) of this chapter if it sells bonds at negotiated sale not later than thirty (30) days after the execution of the contract of sale for the bonds.[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(f).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-13 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-13. Bonds; Rates of Interest

Sec. 13. The rate or rates of interest of the bonds may be fixed or variable. Variable rates are determined under the procedures set forth in the resolution or indenture authorizing the issuance of the bonds. Bonds bearing a variable rate of interest may be converted to bonds bearing a fixed rate or rates of interest as set forth in the resolution or indenture. The interest may be payable semiannually, annually, or at other intervals provided in the resolution or indenture, or the interest may be compounded and paid at maturity or at any other time specified in the resolution or indenture.[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(g).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-14 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-14. Bonds and Coupons; Seal

Sec. 14. The bonds and coupons pertaining to the bonds shall be executed in the corporate name by the manual or facsimile signatures of the officer or officers of Vincennes University that the board of trustees designates. The signature of at least one (1) designated officer on each bond must be a manual signature. The seal or a facsimile of Vincennes University must be affixed, imprinted, engraved, or otherwise reproduced on each bond. In case any officer whose manual or facsimile signature appears on any bond or coupon ceases to be a designated officer before the delivery of the bonds, the signature is valid and sufficient for all purposes as if the officer had remained in office until delivery. The resolution or trust agreement under which the bonds are issued may provide for the authentication of the bonds by the trustee designated in the resolution of trust agreement.[Pre-2007 Higher Education Recodification Citation: 23-13-18-18.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-15 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-15. Bonds; Eligible Investments

Sec. 15. Any bonds issued under this chapter are eligible investments for the funds of any kind or character of every financial institution, insurance company, or private trust. The bonds are eligible for deposit by any financial institution, insurance company, or trustee under any law of Indiana providing for the deposit of securities or funds.[Pre-2007 Higher Education Recodification Citation: 23-13-18-19.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-16 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-16. Liability of Institution Limited

Sec. 16. Indebtedness, a bond, or an obligation incurred or created under the authority of this chapter may not be or become a lien, charge, or liability against Vincennes University or against the property or funds of Vincennes University except to the extent authorized by this chapter.[Pre-2007 Higher Education Recodification Citation: 23-13-18-22.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-6-17 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 6. Revenue Bonds; Vincennes University|21-35-6-17. Tax Exemption

Sec. 17. All bonds issued under the authority of this chapter together with the interest on the bonds are exempt from taxation as provided by IC 6-8-5.[Pre-2007 Higher Education Recodification Citation: 23-13-18-27.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-7-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-1. Purpose

Sec. 1. It is found and declared that:(1) there is a need for the development of various facilities to properly service the various campuses of state educational institutions;(2) an additional and alternative method for developing and financing facilities should be provided; and(3) facilities would provide additional employment opportunities and would otherwise fulfill the public purposes set forth in IC 36-7-12.This chapter applies to any state educational institution.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-1.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-7-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-2. Applicability of Chapter

Sec. 2. This chapter applies to buildings and equipment located on or immediately adjacent to a campus of a state educational institution, the primary purpose of which is to make available or provide:(1) offstreet parking;(2) alternative transportation systems;(3) office space;(4) convenience, retail, and service establishments;(5) bookstores;(6) research;(7) outpatient and extended care;(8) food service;(9) temporary lodging quarters or similar structures used by students, faculty, staff, patients, or visitors; or(10) housing used by students in connection with hospitals, health care units, hospitality facilities, dormitories, or other residence facilities.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-2 part.]As added by P.L.2-2007, SEC.276. Amended by P.L.205-2013, SEC.332; P.L.165-2016, SEC.19.
IN Code § 21-35-7-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-3. Supplemental Effect of Chapter

Sec. 3. This chapter is supplemental to other laws pertaining to state educational institutions and does not repeal any other laws or impair any other powers or responsibilities granted to state educational institutions.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-8.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-7-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-4. Power of State Educational Institutions to Acquire Real and Personal Property

Sec. 4. In addition to any other powers that a state educational institution has, the board of trustees of a state educational institution may:(1) enter into agreements concerning and to acquire by:(A) gift;(B) purchase; or(C) lease;land or interests in land and personal property needed for the purposes of this chapter;(2) purchase, lease as lessee or lessor, construct, remodel, rebuild, enlarge, or substantially improve property;(3) enter into financing agreements, including leasing land or property to users or developers, subject to this chapter; and(4) enter into agreements with users or developers to allow users or developers to wholly or partially construct and manage property.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-3.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-7-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-5. Adoption of Resolution to Develop Property

Sec. 5. If the board of trustees of a state educational institution determines that it is desirable to develop property under this chapter, the board of trustees shall adopt a resolution finding that:(1) the property is needed to adequately furnish services to the students, faculty, staff, patients in hospitals or health care units operated by the state educational institution, or visitors to hospitals or health care units operated by the state educational institution; and(2) the services are not now being adequately furnished by others in the immediate area of the campus.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-4 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-7-6 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-6. Resolution; Contents

Sec. 6. The resolution under section 5 of this chapter must provide that the plans and specifications for the property and for the development and management of the property shall be approved by the board of trustees.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-4 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-7-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-7. Requirements for Management and Operation of Property

Sec. 7. If the management and operation of the property are to be by a developer or user, the specifications for the property must require that the property will be generally available to its occupants and visitors without discrimination and at reasonable charges. These charges shall be reviewed and revised periodically by the board of trustees of the state educational institution to assure that the charges are at all times nondiscriminatory and reasonable.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-4 part.]As added by P.L.2-2007, SEC.276. Amended by P.L.3-2008, SEC.144; P.L.205-2013, SEC.333; P.L.165-2016, SEC.20.
IN Code § 21-35-7-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-8. Proposals for the Development, Use, and Management of Property

Sec. 8. The board of trustees of a state educational institution shall take action to invite proposals for the development, use, and management, if applicable, of property to provide open and competitive proposals.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-5 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-7-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-9. Award for the Development, Use, and Management of Property; Considerations

Sec. 9. In making an award for the development, use, and management, if applicable, of property, the board of trustees of a state educational institution may consider:(1) the experience and financial ability of a developer or user;(2) the plans and specifications for the property;(3) the size and cost of the property;(4) payments to be made to or from the state educational institution;(5) the method of financing and the terms and conditions of any proposed financing agreement; and(6) any other factors of benefit to the state educational institution.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-5 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-7-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-10. Award for the Development, Use, and Management of Property; Approval by Budget Agency and Governor

Sec. 10. An award for the development, use, and management, if applicable, of property is not final until:(1) approved by the governor and the budget agency, with the recommendation of the budget committee; and(2) the notice is provided as specified in section 11 of this chapter.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-5 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-7-11 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 7. Revenue Producing Property; Financing Agreements With a Developer or User|21-35-7-11. Notice of Determination to Make an Award

Sec. 11. (a) A notice of the determination to make an award for the development, use, and management, if applicable, of property that briefly describes:(1) the property;(2) the purpose of the property; and(3) the principal terms of any financing agreement;shall be published under this section.(b) The notice under subsection (a) shall be published in:(1) two (2) newspapers of general circulation in Indianapolis;(2) one (1) newspaper of general circulation in the city where the property is to be located; and(3) one (1) newspaper of general circulation in the city where the principal campus of the state educational institution is located.(c) The notice under subsection (a) must be published once each week for two (2) successive weeks.(d) An action to contest the validity of any financing agreement may not be commenced more than thirty (30) days following the last publication under this section of notice of the determination to make an award.[Pre-2007 Higher Education Recodification Citation: 20-12-1.5-6.]As added by P.L.2-2007, SEC.276.