Sec. 4. (a) Sections 20 through 23 of this chapter may not be construed to affect the validity of: (1) any contracts executed before March 9, 1965; or (2) any bonds contracted to be sold before March 9, 1965. (b) Sections 20 through 23 of this chapter do not apply to: (1) any facilities: (A) approved by: (i) the budget agency or any predecessor to the budget agency; and (ii) the governor; before March 9, 1965; or (B) for which temporary or interim financing commitments were made before March 9, 1965; or (2) the issuance of bonds for any facilities described in subdivision (1). [Pre-2007 Higher Education Recodification Citation: 20-12-7-11.]
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