Sec. 4. (a) This section applies when notice is given under section 3 of this chapter for a public sale. (b) The treasurer of the state educational institution: (1) shall cause each person furnishing the information required under section 3(c) of this chapter to be notified of the date and time bids will be received at least twenty-four (24) hours before the date and time; (2) shall give the notification under subdivision (1): (A) by telephone at the number furnished by the person; and (B) by telex if the person furnishes a telex number; and (3) may not receive bids for more than ninety (90) days after the first publication of the notice of intent to sell bonds. [Pre-2007 Higher Education Recodification Citation: 4-1-5-1(b) part.]
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