HOUSE BILL No. 1355
DIGEST OF INTRODUCED BILL
Citations Affected: None (noncode).
Synopsis: Purdue University bonding authorization. Authorizes
Purdue University to issue and sell bonds for the West Lafayette
campus institute for soldier nanotechnologies.
Effective: July 1, 2002.
January 15, 2002, read first time and referred to Committee on Education.
Second Regular Session 112th General Assembly (2002)
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HOUSE BILL No. 1355
A BILL FOR AN ACT concerning education finance.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: ; (02)IN1355.1.1. -->
SECTION 1. [EFFECTIVE JULY 1, 2002] The board of trustees
of Purdue University may issue and sell bonds under
subject to the approvals required by
, for the following
project as long as the sum of principal costs of any bonds issued
does not exceed the total authority listed below. The principal costs
of the bonds include all acquisition, installation, planning, and
other related costs. Interest and financing charges, costs, and
expenses may also be financed as part of the bond issue in amounts
that may be in addition to the total authority listed below. The
trustees are further authorized to pledge any available funds not
otherwise encumbered as may be required to secure repayment of
the bonds, together with interest and financing charges, costs, and
West Lafayette Campus Institute
for Soldier Nanotechnologies
The above project must be repaid from operating funds and is not
eligible for fee replacement appropriations.