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Ind. Code § 21-34-8-2

Liability of state or institutions for indebtedness limited

As added by P.L.2-2007, SEC.275.

Sec. 2. All indebtedness, bonds, or obligations incurred, created, or issued under the authority of this article:

(1) are payable solely out of the building facilities fund and the property, fees, income, and funds pledged or mortgaged as authorized; and

(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.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.