§ 21-32-3.5-1 “Retirement liabilities”
§ 21-32-3.5-2 Authority to issue bonds; debt service; sources of revenue
§ 21-32-3.5-3 Sinking funds not property of state; investment
§ 21-32-3.5-4 Bonds not debt, pledge of credit, or moral obligation of state
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Terms Used In Indiana Code > Title 21 > Article 32 > Chapter 3.5 - Retirement Liability Bonds

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • retirement liabilities: means the payments to be made to a fund or funds administered by the board of trustees of the Indiana public retirement system for liabilities of a state educational institution resulting from a withdrawal from such a fund or a freezing of participation under such fund under Indiana Code 21-32-3.5-1