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Ind. Code § 5-1.3-6-8

Declaration concerning liability; sources or repayment

As added by P.L.189-2018, SEC.26.

Sec. 8. The bonds or notes:

(1) constitute the corporate obligations of the IFA or the NWIRDA;

(2) do not constitute an indebtedness of the state within the meaning or application of any constitutional provision, prohibition, or limitation; and

(3) are payable solely as to both principal and interest from:

(A) the revenues from a lease to the NWIRDA, if any;

(B) other available revenues, if any;

(C) proceeds of bonds or notes, if any; or

(D) investment earnings on proceeds of bonds or notes.

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