reglab/housing_qa huggingface dataset:
IN Code § 21-35-3-17 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds|21-35-3-17. Bonds and Pledges or Mortgages Made in the Name of the State Educational Institution

Sec. 17. Bonds and the pledge or mortgage securing bonds, shall be issued and made in the name and on behalf of the state educational institution by the officer or officers that the board of trustees designates.[Pre-2007 Higher Education Recodification Citation: 20-12-8-2(e).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-3-18 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds|21-35-3-18. Limitation on State or Institutional Liability for Indebtedness

Sec. 18. 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:(1) the state of Indiana;(2) the state educational institution issuing the bonds; or(3) the property or funds of the state or the state educational institution issuing the bonds, except to the extent of the property or income authorized to be pledged or mortgaged.[Pre-2007 Higher Education Recodification Citation: 20-12-8-3.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-3-19 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds|21-35-3-19. Authority to Furnish Heat, Light, Power, and Other Like Facilities or Services With or Without Charge

Sec. 19. The board of trustees of a state educational institution may furnish heat, light, power, and other like services to any or all property with or without charge.[Pre-2007 Higher Education Recodification Citation: 20-12-8-4.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-3-20 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds|21-35-3-20. Tax Exemption

Sec. 20. All:(1) property:(A) acquired under authority of this chapter; or(B) used as a support facility or a research facility; and(2) bonds issued under the authority of this chapter, together with the interest on the bonds;are exempt from taxation.[Pre-2007 Higher Education Recodification Citation: 20-12-8-5.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-3-21 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds|21-35-3-21. Contracts; Approval of the Budget Agency and Governor

Sec. 21. (a) Subject to this section, contracts to:(1) acquire land for;(2) construct, purchase, lease, sublease, or otherwise acquire; or(3) engage architectural or engineering services in connection with;any property to be financed in whole or in part by the issuance of bonds under this chapter may not be made by any state educational institution without the specific approval of the budget agency and the governor.(b) This section does not apply to any contract relating to property, the cost of which does not exceed fifty thousand dollars ($50,000).[Pre-2007 Higher Education Recodification Citation: 20-12-8-6.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-3-22 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds|21-35-3-22. Issuance of Bonds; Approval of the Budget Agency, Budget Committee, and Governor; Recommendations; Refunds

Sec. 22. (a) Bonds may not be issued by a state educational institution under this chapter without the specific approval of:(1) the budget agency, if:(A) the bonds are issued for the refunding or advance refunding of any outstanding bonds approved under this chapter; and(B) the board of trustees of the issuing state educational institution makes the findings described in subsection (b); or(2) the budget committee, the budget agency, and the governor, if subdivision (1) does not apply.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.(b) The board of trustees of a state educational institution may provide for refunding or advance refunding of any outstanding bonds under subsection (a)(1) whenever the board of trustees of the state educational institution finds that the refunding or advance refunding will benefit the state educational institution because:(1) a net savings to the state educational institution will be effected; or(2) the net present value of principal and interest payments on the bonds is less than the net present value of the principal and interest payments on the outstanding bonds to be refunded.[Pre-2007 Higher Education Recodification Citation: 20-12-8-7.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-3-23 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds|21-35-3-23. Maximum Aggregate Principal Amount of Bonds Each Biennium

Sec. 23. The general assembly may establish each biennium in the appropriation act the maximum aggregate principal amount of bonds that any one (1) or more state educational institution may issue during the ensuing biennium under this chapter.[Pre-2007 Higher Education Recodification Citation: 20-12-8-8.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-3-24 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 3. Acquisition of Certain Support Facilities and Research Facilities; Revenue Bonds|21-35-3-24. Actions to Contest Validity of Bonds

Sec. 24. 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 the state educational institution sells bonds at negotiated sales no later than thirty (30) days after the execution of the contract of sale for the bonds.[Pre-2007 Higher Education Recodification Citation: 20-12-8-9.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-1. Applicability of Chapter

Sec. 1. This chapter applies to Indiana State University.[2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-2. Application of Chapter; Student Housing

Sec. 2. This chapter applies to a project for a dormitory for the housing of students.[2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-3. Issuance of Bonds for the Erection and Construction of Dormitories

Sec. 3. Whenever the board of trustees of Indiana State University finds that:(1) a necessity exists for the building of a dormitory for the housing of students; and(2) sufficient funds for the erection and construction of the dormitory for the housing of students will not be available out of the revenues and funds of Indiana State University in the year in which the necessity exists;the board of trustees may issue and sell the bonds of the board of trustees.[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-4. Bonds for a Project; Maximum Amount

Sec. 4. Bonds for a project:(1) may be in any amount that the board of trustees finds is not available out of the revenues and funds of Indiana State University for the year; and(2) may not exceed the total estimated cost of the erection and construction of the dormitory.[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-5. Estimations and Findings of Costs

Sec. 5. The board of trustees shall first estimate and make a finding specifying the costs of erecting and constructing the project before issuing bonds.[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-6 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-6. Bonds for a Project; Denomination, Maturation, and Interest Rates

Sec. 6. Bonds for a project:(1) may be issued by the board of trustees in the denomination and with the maturities; and(2) must bear the rate of interest, payable semiannually;as the board of trustees may fix and determine. However, the bonds may not be sold for less than par.[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-7. Bonds for a Project; Sale

Sec. 7. Bonds for a project may be sold either privately, or at public letting, as the board of trustees may determine.[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-8. Bonds for a Project; Principal and Interest

Sec. 8. The principal and interest of the bonds for a project, when sold, are a primary, fixed charge against the net income of the project being constructed and erected. The net income must be applied by the board of trustees in payment of the principal and interest of the bonds as the principal and interest become due until full and final payment of all of the bonds and interest is made.[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]As added by P.L.2-2007, SEC.276. Amended by P.L.3-2008, SEC.141.
IN Code § 21-35-4-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-9. Net Income of Project; Principal and Interest on Bond

Sec. 9. If the net income of a project in any year is not sufficient to meet the total amount of the principal and interest on the bonds that fall due in the year, the board of trustees may pay the balance of the principal and interest falling due in the year out of any other revenues and funds of Indiana State University that are available to pay the principal and interest.[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(a) part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-10. Bonds for a Project; Criteria

Sec. 10. Bonds for a project shall be:(1) executed by the name;(2) signed by the president and treasurer; and(3) attested by the secretary;of the board of trustees.[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(b).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-4-11 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 4. Indiana State University; Dormitories|21-35-4-11. Proceeds of Sale of Bonds

Sec. 11. The proceeds of sale of any bonds for a project shall be applied solely to:(1) the building of the project; and(2) the payment of principal and interest of the bonds if a surplus should exist after completion and full payment for the erection and construction of the project.[Pre-2007 Higher Education Recodification Citation: 20-12-53-1(c).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-1. Applicability of Chapter

Sec. 1. This chapter applies to the following state educational institutions:(1) Ball State University.(2) Indiana University.(3) Indiana State University.(4) Purdue University.(5) University of Southern Indiana.[Pre-2007 Higher Education Recodification Citation: 20-12-9-2 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-2. Applicable Property

Sec. 2. This chapter applies to the following property:(1) Property described in IC 21-35-2.(2) Property described in IC 21-35-3.[Pre-2007 Higher Education Recodification Citation: 20-12-9-1(3).]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-3. Construction of Chapter

Sec. 3. This chapter may not be construed to repeal, modify, or amend any law of Indiana in force on March 9, 1959.[Pre-2007 Higher Education Recodification Citation: 20-12-9-7 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-4. Supplemental Effect of Chapter

Sec. 4. This chapter may be construed as supplemental to IC 21-35-2 and IC 21-35-3.[Pre-2007 Higher Education Recodification Citation: 20-12-9-7 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|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.
IN Code § 21-35-5-6 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-6. Security of Revenue Obligations

Sec. 6. Revenue obligations:(1) must be secured in the manner provided in IC 21-35-2 and IC 21-35-3; and(2) in addition, may be secured by the pledge or mortgage of the unobligated net revenues of any one (1) or more other revenue producing properties of the issuing state educational institution and by any other available income or funds.[Pre-2007 Higher Education Recodification Citation: 20-12-9-3 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-7. Board; Power to Limit Amount of Obligations or Issue Additional Obligations

Sec. 7. In authorizing the issuance of revenue obligations for any particular property or properties, the board of trustees may:(1) limit the amount of the obligations that may be issued as a first lien and charge against the property or properties and the net income from the property or properties; or(2) authorize the issuance periodically thereafter of additional obligations secured by the same lien to provide funds:(A) for the completion of the property or properties on account of which the original obligations were issued;(B) to pay the cost of additional revenue producing properties under IC 21-35-2 or IC 21-35-3; or(C) for the purposes described in clauses (A) and (B).The additional obligations shall be issued on the terms and conditions as the board may determine, and may be secured equally and ratably, without preference, priority, or distinction, with the original issue of obligations or may be made junior to the original issue of bonds.[Pre-2007 Higher Education Recodification Citation: 20-12-9-3 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-8 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-8. Revenue Obligations Authorized by Resolution; Terms; Conditions

Sec. 8. Revenue obligations must be authorized by resolution adopted by the board of trustees. The terms, conditions, and form of the revenue obligations must be set out in the resolution or in a form of trust indenture between the state educational institution and a designated corporate trustee, or both.[Pre-2007 Higher Education Recodification Citation: 20-12-9-4 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-9. Revenue Obligations; Contents

Sec. 9. The resolution or the indenture for revenue obligations may include:(1) provisions for protecting and enforcing the rights and remedies of the holders of the revenue obligations being issued;(2) covenants setting forth the duties of the state educational institution and its officers in relation to:(A) the:(i) acquisition, construction, operation, and maintenance of; and(ii) insurance to be carried on;the property or properties on account of which the revenue obligations are being issued; and(B) the maintenance of fees and charges to be collected on account of the properties;(3) provisions for:(A) the custody, safeguarding, and application of all money;(B) the rights and remedies of the trustee and the holders of the obligations being issued; and(C) the issuance of additional parity obligations or junior lien obligations secured by pledge or mortgage of the revenues and property described in the resolution or indenture; and(4) the other terms, conditions, limitations, and covenants that the board of trustees determines proper.[Pre-2007 Higher Education Recodification Citation: 20-12-9-4 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-10. Revenue Obligations and Interest Coupons

Sec. 10. Revenue obligations and any interest coupons appertaining to revenue obligations are negotiable instruments within the meaning and for all purposes under the laws of Indiana, subject only to the provisions of the obligations for registration.[Pre-2007 Higher Education Recodification Citation: 20-12-9-4 part.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-11 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-11. Authority to Furnish Heat, Light, Power, and Other Like Services With or Without Charge

Sec. 11. In connection with the issuance of revenue obligations, a board of trustees of a state educational institution may covenant to and furnish or supply heat, light, power, and other like services to any building, structure, or improvement with or without charge so long as any of the revenue obligations are outstanding.[Pre-2007 Higher Education Recodification Citation: 20-12-9-5.]As added by P.L.2-2007, SEC.276.
IN Code § 21-35-5-12 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements|Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations|21-35-5-12. Revenue Obligations; Eligible Investments

Sec. 12. Any revenue obligations issued under IC 21-35-2 or IC 21-35-3 are eligible investments for the funds of any kind or character of every financial institution, insurance company, or private trust. The revenue obligations 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: 20-12-9-6.]As added by P.L.2-2007, SEC.276.