Indiana Statutes
§ 21-32-3.5-4 — Bonds not debt, pledge of credit, or moral obligation of state
Indiana § 21-32-3.5-4
JurisdictionIndiana
Title 21HIGHER EDUCATION
Art. 32STATE EDUCATIONAL INSTITUTIONS: BONDS
Ch. 3.5Retirement Liability Bonds
This text of Indiana § 21-32-3.5-4 (Bonds not debt, pledge of credit, or moral obligation of state) 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 § 21-32-3.5-4 (2026).
Text
Bonds issued under this chapter do not
constitute a debt, liability, or obligation of the state of Indiana or a
pledge of the credit of the state of Indiana, but shall be payable solely
from the sources specified in this chapter. No moral obligation of the
state of Indiana shall exist to appropriate funds to pay principal of or
interest on any bond issued under this chapter.
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Legislative History
As added by P.L.213-2015, SEC.241.
Nearby Sections
15
§ 21-12-1-1
Definitions§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 21-12-1-2
"Academic term"§ 21-12-1-3
"Academic year"§ 21-12-1-4
"Active duty"§ 21-12-1-4.5
"Adult student grant"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 21-32-3.5-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/21-32-3.5-4.