Sec. 11. The proceeds of sale of any bonds for a project shall be applied solely to: (1) the building of the project; and (2) the payment of principal and interest of the bonds if a surplus should exist after completion and full payment for the erection and construction of the project. [Pre-2007 Higher Education Recodification Citation: 20-12-53-1(c).] IC 21-35-5 Chapter 5. Revenue Producing Property; Supplemental Procedures for Financing Revenue Producing Properties With Revenue Obligations 21-35-5-1 Applicability of chapter 21-35-5-2 Applicable property 21-35-5-3 Construction of chapter 21-35-5-4 Supplemental effect of chapter 21-35-5-5 Issuance of revenue obligations; use 21-35-5-6 Security of revenue obligations 21-35-5-7 Board; power to limit amount of obligations or issue additional obligations 21-35-5-8 Revenue obligations authorized by resolution; terms; conditions 21-35-5-9 Revenue obligations; contents 21-35-5-10 Revenue obligations and interest coupons 21-35-5-11 Authority to furnish heat, light, power, and other like services with or without charge 21-35-5-12 Revenue obligations; eligible investments
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