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.