Actions to contest the validity of bonds

Sec. 13. (a) An action to contest the validity of any bonds issued under this article may not be brought after the fifteenth day following: (1) the first publication of notice of the sale or intent to sell the bonds under IC 21-32-3 if the bonds are sold at public sale; or (2) the publication one (1) time in newspapers described in IC 21-32-3-3 of notice of execution and delivery of the contract of sale for the bonds if the bonds are sold at negotiated sale. (b) The board of trustees of a state educational institution shall publish notice under subsection (a)(2) if it sells bonds at negotiated sale within thirty (30) days of execution of the contract of sale for the bonds. [Pre-2007 Higher Education Recodification Citations: 20-12-6-7(f); 20-12-6-7(g).] As added by P.L.2-2007, SEC.275.