Debt

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. Indiana University (the “University”) may issue debt as both a governmental issuer and as a 501(c)3. Borrowing authorization allows financing the acquisition, construction, repair and renovation of physical facilities. Borrowing is not allowed for operations or working capital purposes. Capital Finance is responsible for the bond issuance process and the related accounting, compliance and reporting on the debt.