Sec. 3. (a) A state educational institution may: (1) negotiate: (A) a loan; (B) a line of credit; or (C) any other credit facility; and (2) issue a note for a credit facility; with any institution or entity on the terms and conditions that the state educational institution determines. (b) A state educational institution may make the determinations under this section by: (1) the adoption of a resolution; or (2) the approval of an agreement between the state educational institution and the institution or entity. [Pre-2007 Higher Education Recodification Citation: 20-12-9.5-4.] As added by P.L.2-2007, SEC.273.
IC 21-32-2-4 Authority to pledge and assign security for the payment of bonds or notes Sec. 4. A state educational institution may pledge and assign for the benefit of holders of: (1) temporary obligations; or (2) a credit facility; under this chapter any security that the state educational institution may pledge and assign for the payment of bonds or notes under IC 21-34, IC 21-35-2, IC 21-35-3, or IC 21-35-5. [Pre-2007 Higher Education Recodification Citation: 20-12-9.5-5.] As added by P.L.2-2007, SEC.273.