The Indiana Code provides statutory authority to certain agencies and instrumentalities of the State, including state universities, to issue bonds, notes and other forms of indebtedness. IU is an instrumentality of the state of Indiana, and as such is considered to be a tax-exempt governmental entity under Section 115 of the Internal Revenue Code. IU has outstanding tax-exempt and taxable debt issued as a governmental issuer. Borrowing authorization allows financing the acquisition, construction, repair and renovation of physical facilities. Capital Finance is responsible for the bond issuance process and the related accounting, compliance and reporting on the debt.
