IN HB1367

Modifies per campus limits on outstanding bonds that state educational institutions may issue for qualified energy savings projects under IC 21-34-10-7.

Changes the bond limit for all state educational institutions (including Ivy Tech Community College) to the greater of $15,000,000 or 5% of the total replacement value of all structures on each campus.

Removes the previous separate $45,000,000 limit that applied exclusively to Ivy Tech Community College for qualified energy savings bonds.

Applies per-campus calculations rather than institution-wide limits, allowing institutions with higher property replacement values to potentially issue more bonds.

Effective July 1, 2014.