Indiana Statutes
§ 14-13-1-31 — Revenue bonds; not debt of state or subdivision; payable solely from money pledged
(a)Revenue bonds issued under this chapter
or under IC 14-6-29 (before its repeal) do not constitute any of the
following:
(1)A debt of the state or of a political subdivision of the state.
(2)A pledge of the faith and credit of the state or a political
subdivision of the state.
(b)The bonds are payable solely from the revenues pledged for their
payment as authorized in this chapter or IC 14-6-29 (before its repeal).
[Pre-1995 Recodification Citation: 14-6-29-10(d).]
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Legislative History
As added by P.L.1-1995, SEC.6.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation