Indiana § 21-35-2-17 Liability of state or institutions for indebtedness limited

Indiana Statutes

§ 21-35-2-17 — Liability of state or institutions for indebtedness limited

Indiana § 21-35-2-17

Title 21HIGHER EDUCATION

Art. 35STATE EDUCATIONAL INSTITUTIONS:

Ch. 2Construction and Operation of Fieldhouses,

This text of Indiana § 21-35-2-17 (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 § 21-35-2-17 (2026).

Text

Indebtedness, a bond, or an obligation incurred or created under the authority of this chapter may not be or become:

(1)an indebtedness of or liability against the state of Indiana or a state educational institution; or

(2)a lien or charge against the property or funds of a state educational institution; except to the extent of the property or income pledged or mortgaged as authorized. [Pre-2007 Higher Education Recodification Citation: 20-12-7-3.]

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Indebtedness, a bond, or an obligation
incurred or created under the authority of this chapter may not be or
become:
(1) an indebtedness of or liability against the state of Indiana or
a state educational institution; or
(2) a lien or charge against the property or funds of a state
educational institution;
except to the extent of the property or income pledged or mortgaged as
authorized.
[Pre-2007 Higher Education Recodification Citation:
20-12-7-3.]