Indiana Code 21-35-5-6. Security of revenue obligations
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Sec. 6. Revenue obligations:
(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.
(1) must be secured in the manner provided in IC 21-35-2 and IC 21-35-3; and
Terms Used In Indiana Code 21-35-5-6
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
[Pre-2007 Higher Education Recodification Citation: 20-12-9-3 part.]
As added by P.L.2-2007, SEC.276.