Sec. 4. (a) This section applies when notice is given under section 3 of this chapter for a public sale.

     (b) The treasurer of the state educational institution:

(1) shall cause each person furnishing the information required under section 3(c) of this chapter to be notified of the date and time bids will be received at least twenty-four (24) hours before the date and time;

(2) shall give the notification under subdivision (1):

(A) by telephone at the number furnished by the person; and

(B) by telex if the person furnishes a telex number; and

(3) may not receive bids for more than ninety (90) days after the first publication of the notice of intent to sell bonds.

[Pre-2007 Higher Education Recodification Citation: 4-1-5-1(b) part.]

As added by P.L.2-2007, SEC.273.