Bonds; approval of budget committee, budget agency, and governor

Sec. 1. (a) Bonds may not be issued by the board of trustees of a state educational institution under this article without the specific approval of the: (1) budget committee; (2) budget agency; and (3) governor. (b) The budget agency may request and consider the recommendation of the staff of the Indiana finance authority with respect to the approval of a bond issue under this section. [Pre-2007 Higher Education Recodification Citation: 20-12-6-16.] As added by P.L.2-2007, SEC.275.