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

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Terms Used In Indiana Code 21-35-4-4

(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.