Indiana Statutes

§ 20-49-4-20 — Statutory construction; advance not treated as debt of state

Indiana·Title 20 EDUCATION·Art. 49 STATE MANAGEMENT OF COMMON SCHOOL·Ch. 4 Advancement From Common School Fund; Buildings;
An agreement with the state board or state board of finance under section 23 of this chapter to collect and pay over amounts deducted from state tuition support for the benefit of another party is not a debt of the state within the meaning of the limitation on or prohibition against state indebtedness under the Constitution of the State of Indiana. [Pre-2006 Recodification Citation: 21-1-5-7(b).]

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Indiana § 20-49-4-20 (Statutory construction; advance not treated as debt of state) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.2-2006, SEC.172.

Nearby Sections

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