Bonds and interest on bonds secured by pledge or mortgage

Sec. 13. The bonds and the interest on the bonds may be secured by pledge or mortgage of: (1) any property, real or personal, used or acquired or to be acquired and used for the property and the improvements made or to be made on the property; (2) the net income from the property; (3) the property and the net income from the property; or (4) any unobligated net income of any property financed under this chapter; as the board of trustees may determine. [Pre-2007 Higher Education Recodification Citation: 20-12-8-2(a) part.] As added by P.L.2-2007, SEC.276.