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Ind. Code § 21-35-3-18

Limitation on state or institutional liability for indebtedness

As added by P.L.2-2007, SEC.276.

Sec. 18. Indebtedness, a bond, or an obligation incurred or created under the authority of this chapter may not be or become a lien, charge, or liability against:

(1) the state of Indiana;

(2) the state educational institution issuing the bonds; or

(3) the property or funds of the state or the state educational institution issuing the bonds, except to the extent of the property or income authorized to be pledged or mortgaged.

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