Indiana Statutes

§ 14-13-2-21 — Bonds; not debt of state or other political subdivisions; payable solely from money pledged

Indiana § 14-13-2-21
JurisdictionIndiana
Art. 13LOCAL RESOURCE DEVELOPMENT
Ch. 2Little Calumet River Basin Development Commission

This text of Indiana § 14-13-2-21 (Bonds; not debt of state or other political subdivisions; payable solely from money pledged) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 14-13-2-21 (2026).

Text

(a)Bonds issued under this chapter or under IC 14-6-29.5 (before its repeal) do not constitute any of the following:
(1)A debt of the state or of any other political subdivision of the state.
(2)A pledge of the faith and credit of the state or any other political subdivision of the state.
(b)The bonds are payable solely from the revenues pledged for their payment as authorized in this chapter or in IC 14-6-29.5 (before its repeal). [Pre-1995 Recodification Citation: 14-6-29.5-9(d).]

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Legislative History

As added by P.L.1-1995, SEC.6. Amended by P.L.106-2012, SEC.13.

Nearby Sections

15
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Bluebook (online)
Indiana § 14-13-2-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/14-13-2-21.