Indiana § 21-34-8-2 Liability of state or institutions for indebtedness limited

Indiana Statutes

§ 21-34-8-2 — Liability of state or institutions for indebtedness limited

Indiana § 21-34-8-2

Title 21HIGHER EDUCATION

Art. 34STATE EDUCATIONAL INSTITUTIONS:

Ch. 8Bonds: Liability for Debt; Tax Exempt Status; Eligibility

This text of Indiana § 21-34-8-2 (Liability of state or institutions for indebtedness limited) 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 § 21-34-8-2 (2026).

Text

All indebtedness, bonds, or obligations incurred, created, or issued under the authority of this article:

(1)are payable solely out of the building facilities fund and the property, fees, income, and funds pledged or mortgaged as authorized; and

(2)may not be or become an indebtedness of or liability against the state of Indiana or a state educational institution, except to the extent of the property, fees, income, and funds pledged or mortgaged as authorized. [Pre-2007 Higher Education Recodification Citation: 20-12-6-10.]

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All indebtedness, bonds, or obligations
incurred, created, or issued under the authority of this article:
(1) are payable solely out of the building facilities fund and the
property, fees, income, and funds pledged or mortgaged as
authorized; and
(2) may not be or become an indebtedness of or liability against
the state of Indiana or a state educational institution, except to the
extent of the property, fees, income, and funds pledged or
mortgaged as authorized.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-10.]