Indiana Code 21-34-8-2. Liability of state or institutions for indebtedness limited
Current as of: 2024 | Check for updates
|
Other versions
Sec. 2. All indebtedness, bonds, or obligations incurred, created, or issued under the authority of this article:
(2) may not be or become an indebtedness of or liability against the state of Indiana or a state educational institution, except to the extent of the property, fees, income, and funds pledged or mortgaged as authorized.
(1) are payable solely out of the building facilities fund and the property, fees, income, and funds pledged or mortgaged as authorized; and
Terms Used In Indiana Code 21-34-8-2
- Property: includes personal and real property. See Indiana Code 1-1-4-5
[Pre-2007 Higher Education Recodification Citation: 20-12-6-10.]
As added by P.L.2-2007, SEC.275.