The lien of the pledges or mortgages, to the extent of the lien, unless otherwise determined by the board of trustees of the state educational institution, is a first and primary lien for the payment of the bonds secured and the interest on the bonds.[Pre-2007 Higher Education Recodification Citation: 20-12-6-6(b).]As added by P.L.2-2007, SEC.275.
Indiana Legal Code