However, the bonds may not exceed:(1) the total estimated cost of any proposed building, facility, work, act, or undertaking authorized, including interest during construction, incidental expenses, debt service reserves, and financing costs; or(2) the amount required to effect any proposed funding or refunding operation.[Pre-2007 Higher Education Recodification Citation: 23-13-18-17(a).]As added by P.L.2-2007, SEC.276.
Indiana Legal Code