Sale of bonds; value

Sec. 2. A state educational institution may not sell bonds: (1) for less than ninety percent (90%); or (2) with an underwriter's discount that exceeds three percent (3%); of the par value of the bonds. [Pre-2007 Higher Education Recodification Citation: 4-1-5-1(a) part.] As added by P.L.2-2007, SEC.273.