Variable rates shall be determined in the manner and in accordance with the procedures set forth in the resolution or indenture authorizing the issuance of the bonds. Bonds bearing a variable rate of interest may be converted to bonds bearing a fixed rate or rates of interest to the extent and in the manner set forth in the resolution or indenture under which the bonds are issued.[Pre-2007 Higher Education Recodification Citation: 20-12-6-7(h) part.]As added by P.L.2-2007, SEC.275.
Indiana Legal Code