reglab/housing_qa huggingface dataset:
IN Code § 21-34-6-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-7. Refunding Bonds

Sec. 7. Refunding bonds may be exchanged for the bonds being funded or refunded or may be sold and the proceeds applied to the funding or refunding.[Pre-2007 Higher Education Recodification Citation: 20-12-6-6(f).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-8. Maximum Amount of Bonds

Sec. 8. Subject to any approval required under IC 21-34-10, bonds may be issued in an amount or amounts that do not exceed the maximum amount determined by the board of trustees of the issuing state educational institution.[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(a).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-9. Form; Terms; Conditions of Bonds

Sec. 9. Bonds may be issued in the form and upon the terms and conditions, at the rate or rates of interest, and in the denominations that may be made convertible into different denominations as the governing board of the board of trustees of the state educational institution determines by:(1) the adoption of a resolution;(2) approval of a form of trust indenture between the board of trustees of the state educational institution and a designated corporate trustee; or(3) both subdivisions (1) and (2).[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(b).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-10. Resolutions and Indenture for Bonds

Sec. 10. A resolution or indenture for bonds may include provisions for:(1) protecting and enforcing the rights and remedies of the holders of the bonds being issued;(2) covenants setting forth the duties of the state educational institution and its officers in relation to:(A) the acquisition, construction, operation, maintenance, use, and abandonment of the building facility; and(B) insurance of the building facility;(3) the custody, safeguarding, application, and investment of all money;(4) the rights and remedies of the trustee and the holders of the bonds being issued;(5) the issuance of additional bonds as provided in the resolution or indenture; and(6) other terms, conditions, and covenants as the board of trustees of the state educational institution determine are proper, including provision for the establishment of a debt service reserve by:(A) the use of bond proceeds or other sources;(B) the furnishing of an insurance policy, surety bond, or letter of credit; or(C) any combination of clause (A) or (B).[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(c).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-11 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-11. Public Sale of Bonds

Sec. 11. Bonds must be sold at public or negotiated sale as provided by IC 21-32-3.[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(d).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-12 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-12. Bonds and Interest Coupons

Sec. 12. All bonds and the interest coupons appertaining to bonds issued under this article must be negotiable instruments within the meaning and for all purposes under Indiana laws, 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: 20-12-6-7(e).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-13 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-13. Actions to Contest the Validity of Bonds

Sec. 13. (a) An action to contest the validity of any bonds issued under this article 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.(b) The board of trustees of a state educational institution shall publish notice under subsection (a)(2) if it sells bonds at negotiated sale within thirty (30) days of execution of the contract of sale for the bonds.[Pre-2007 Higher Education Recodification Citations: 20-12-6-7(f); 20-12-6-7(g).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-14 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-14. Rates of Interest of Bonds

Sec. 14. The rate or rates of interest of bonds may be fixed or variable. Variable rates shall be determined in the manner and in accordance with 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 to the extent and in the manner set forth in the resolution or indenture under which the bonds are issued.[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(h) part.]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-15 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-15. Payment of Interest

Sec. 15. Interest may be:(1) payable semiannually, annually, or at any other interval or intervals as may be provided in the resolution or indenture; or(2) compounded and paid at maturity or at any other times as specified in the resolution or indenture.[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(h) part.]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-16 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-16. Mandatory Redemption

Sec. 16. Bonds may be made subject, at the option of the holders, to mandatory redemption by the board of trustees of the state educational institution at the times and under the circumstances set forth in the authorizing resolution or indenture.[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(i).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-17 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-17. Resolutions and Indentures

Sec. 17. A resolution or indenture may contain provisions regarding:(1) the investment of money, sale, exchange, or disposal of property; and(2) the manner of authorizing and making payments, notwithstanding IC 5-13 or any general statute relating to these matters.[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(j).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-6-18 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 6. Issuance of Bonds|21-34-6-18. Execution of Bonds and Coupons

Sec. 18. (a) Bonds and coupons appertaining to bonds shall be executed in the name of the issuing state educational institution by the manual or facsimile signatures of the officer or officers of the state educational institution that the board of trustees of the state educational institution designates.(b) One (1) signature on the obligation must be manual and may be either the signature of one (1) of the officers or of any trustee, fiscal agent, or other fiduciary charged with authenticating the bonds.(c) The seal or a facsimile of the seal of the state educational institution shall be affixed, imprinted, engraved, or otherwise reproduced on each bond.(d) If any officer whose manual or facsimile signature appears on any bond or coupon ceases to be an officer before the delivery of the bonds, the officer's signature is valid and sufficient for all purposes as if the officer had remained in office until delivery.(e) The resolution or indenture under which the bonds are issued may provide for the authentication of the bonds by the trustee, fiscal agent, or other fiduciary designated in the resolution or indenture.[Pre-2007 Higher Education Recodification Citation: 20-12-6-8.]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-7-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 7. Grant Anticipation Loans|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.
IN Code § 21-34-7-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 7. Grant Anticipation Loans|21-34-7-2. Maximum Amount of Grant Anticipation Loan; Sources of Payment

Sec. 2. A grant anticipation loan may not exceed the estimated aggregate amount of the grant or grants in anticipation of which the loan is made. The grant anticipation note must be structured to amortize and to pay principal of and interest on the loan in accordance with anticipated receipts of the grant or grants. A grant anticipation note may also be payable from other revenues or amounts available for pledge under IC 21-34-6-2.[Pre-2007 Higher Education Recodification Citation: 20-12-6-8.5(b).]As added by P.L.2-2007, SEC.275. Amended by P.L.79-2010, SEC.6.
IN Code § 21-34-7-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 7. Grant Anticipation Loans|21-34-7-3. Notes for a Grant Anticipation Loan

Sec. 3. The notes for a grant anticipation loan must be:(1) executed in the same manner as provided for bonds in IC 21-34-6-18; and(2) sold in the same manner as provided for bonds in IC 21-34-6-8 through IC 21-34-6-17.[Pre-2007 Higher Education Recodification Citation: 20-12-6-8.5(c).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-7-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 7. Grant Anticipation Loans|21-34-7-4. Proceeds of a Grant Anticipation Loan

Sec. 4. The board of trustees of a state educational institution shall apply the proceeds of any grant anticipation notes to those items of cost for which the grant has been allocated by the granting agencies. The purchaser of any notes:(1) is not liable for any improper use of the proceeds; and(2) does not have to insure that the amount of the loan stays within the maximum limits specified in section 2 of this chapter as grant funds are received by the state educational institution.[Pre-2007 Higher Education Recodification Citation: 20-12-6-8.5(d).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-8-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 8. Bonds: Liability for Debt; Tax Exempt Status; Eligibility as Investments|21-34-8-1. Liability of Trustees for Indebtedness Limited

Sec. 1. IC 21-34-4 or another provision of this article may not be construed to make any board of trustees of a state educational institution liable for any indebtedness, bonds, or obligations incurred, created, or issued under the authority of this article by any other state educational institution.[Pre-2007 Higher Education Recodification Citation: 20-12-6-9(d).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-8-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 8. Bonds: Liability for Debt; Tax Exempt Status; Eligibility as Investments|21-34-8-2. Liability of State or Institutions for Indebtedness Limited

Sec. 2. All indebtedness, bonds, or obligations incurred, created, or issued under the authority of this article:(1) are payable solely out of the building facilities fund and the property, fees, income, and funds pledged or mortgaged as authorized; and(2) may not be or become an indebtedness of or liability against the state of Indiana or a state educational institution, except to the extent of the property, fees, income, and funds pledged or mortgaged as authorized.[Pre-2007 Higher Education Recodification Citation: 20-12-6-10.]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-8-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 8. Bonds: Liability for Debt; Tax Exempt Status; Eligibility as Investments|21-34-8-3. Tax Exemption

Sec. 3. All:(1) the:(A) property acquired under authority of this article or used for the purposes provided for in this article; and(B) income from property described in clause (A);are exempt from all taxation in Indiana; and(2) bonds issued under the authority of this article, the interest on the bonds, and the proceeds of the bonds are exempt from taxation to the extent provided in IC 6-8-5.[Pre-2007 Higher Education Recodification Citation: 20-12-6-11.]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-8-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 8. Bonds: Liability for Debt; Tax Exempt Status; Eligibility as Investments|21-34-8-4. Investments; Deposits

Sec. 4. Any bonds issued under the provisions of this article are:(1) eligible investments for the funds of any kind or character of every financial institution, insurance company, or private trust; and(2) eligible for deposit by any financial institution, insurance company, or trustee under any Indiana law providing for the deposit of securities or funds.[Pre-2007 Higher Education Recodification Citation: 20-12-6-12.]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-9-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 9. Contracts; Approval by the Budget Agency|21-34-9-1. Issuance of Bonds; Contracts; Fees; Approval of Budget Agency and Governor

Sec. 1. Except as provided by this chapter, contracts to:(1) acquire land for or to construct, purchase, lease, sublease, or otherwise acquire; or(2) engage architectural or engineering services in connection with;any building facilities to be financed in whole or in part by the issuance of bonds under this article or by student building facilities fees charged and collected under this article, may not be made by a state educational institution without the specific approval of the budget agency and the governor.[Pre-2007 Higher Education Recodification Citation: 20-12-6-15(a).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-9-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 9. Contracts; Approval by the Budget Agency|21-34-9-2. Applicability of Chapter

Sec. 2. This chapter does not apply to any contract:(1) relating to a building facility the cost of which does not exceed three hundred fifty thousand dollars ($350,000); or(2) for architectural or engineering services relating to the planning of a building facility.[Pre-2007 Higher Education Recodification Citation: 20-12-6-15(b).]As added by P.L.2-2007, SEC.275. Amended by P.L.229-2011, SEC.241.
IN Code § 21-34-10-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 10. Bonds; Review and Approval|21-34-10-1. Bonds; Approval of Budget Committee, Budget Agency, and Governor

Sec. 1. (a) Bonds may not be issued by the board of trustees of a state educational institution under this article without the specific approval of the:(1) budget committee;(2) budget agency; and(3) governor.(b) The budget agency may request and consider the recommendation of the staff of the Indiana finance authority with respect to the approval of a bond issue under this section.[Pre-2007 Higher Education Recodification Citation: 20-12-6-16.]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-10-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 10. Bonds; Review and Approval|21-34-10-2. Actions of General Assembly

Sec. 2. (a) Except:(1) for grant anticipation notes; and(2) as provided in this chapter;no bonds shall be issued for a project by the board of trustees of a state educational institution under this article unless the general assembly has taken the actions described in subsection (b).(b) As a condition of issuing bonds, the general assembly must have:(1) specifically approved the project to be financed through the issuance and sale of these bonds; and(2) provided the amount of bonds that may be issued to fund the costs of acquiring, constructing, remodeling, renovating, furnishing, or equipping the specific project approved.[Pre-2007 Higher Education Recodification Citation: 20-12-6-17(a).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-10-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 10. Bonds; Review and Approval|21-34-10-3. Issuance of Bonds; Debt Service Reserves; Bond or Reserve Insurance; Other Costs

Sec. 3. In addition to and in connection with the amount of bonds that may be issued by a state educational institution for a specific project as provided in section 2(b)(2) of this chapter, the board of trustees of a state educational institution may also issue bonds in amounts necessary to provide funds for:(1) debt service reserves;(2) bond or reserve insurance; and(3) other costs;without additional approval by the general assembly, if these costs are incidental to the issuance of bonds for the project.[Pre-2007 Higher Education Recodification Citation: 20-12-6-17(b).]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-10-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 10. Bonds; Review and Approval|21-34-10-4. Maximum Amount of Bonds

Sec. 4. Bonds, regardless of when the amount of bonds is approved by the general assembly, may be issued in an amount not exceeding the sum of the following:(1) The amount of bonds approved by the general assembly.(2) The amounts described in section 3 of this chapter.(3) The amount of the discount below par value, if bonds are sold at a price below par value under IC 21-32-3-2.[Pre-2007 Higher Education Recodification Citation: 20-12-6-17(c).]As added by P.L.2-2007, SEC.275. Amended by P.L.3-2008, SEC.140.
IN Code § 21-34-10-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 10. Bonds; Review and Approval|21-34-10-5. Power to Issue Bonds

Sec. 5. A power granted under this chapter to issue bonds without the specific approval of the general assembly shall not be construed to permit the issuance of the bonds without the specific approvals required under section 1 of this chapter. Bonds issued without the specific approval of the general assembly are not eligible for fee replacement.[Pre-2007 Higher Education Recodification Citation: 20-12-6-17(d) part.]As added by P.L.2-2007, SEC.275.
IN Code § 21-34-10-6 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 34. State Educational Institutions: Acquisition and Improvement of Building Facilities and Equipment; Bonds|Chapter 10. Bonds; Review and Approval|21-34-10-6. Issuance of Bonds Without Approval of the General Assembly; Maximum Amount

Sec. 6. Bonds may be issued by the board of trustees of a state educational institution without the approval of the general assembly if, after the issuance, the total amount of outstanding bonds issued by the board of trustees of a state educational institution without approval will not exceed two million dollars ($2,000,000). However, the bonds must be approved as provided in section 1 of this chapter.[Pre-2007 Higher Education Recodification Citation: 20-12-6-17(e).]As added by P.L.2-2007, SEC.275.