Indiana § 21-35-3-18 Limitation on state or institutional liability for indebtedness

Indiana Statutes

§ 21-35-3-18 — Limitation on state or institutional liability for indebtedness

Indiana·Title 21 HIGHER EDUCATION·Art. 35 STATE EDUCATIONAL INSTITUTIONS:·Ch. 3 Acquisition of Certain Support Facilities and Research

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

(1)the state of Indiana;

(2)the state educational institution issuing the bonds; or

(3)the property or funds of the state or the state educational institution issuing the bonds, except to the extent of the property or income authorized to be pledged or mortgaged. [Pre-2007 Higher Education Recodification Citation: 20-12-8-3.]

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Indebtedness, a bond, or an obligation
incurred or created under the authority of this chapter may not be or
become a lien, charge, or liability against:
(1) the state of Indiana;
(2) the state educational institution issuing the bonds; or
(3) the property or funds of the state or the state educational
institution issuing the bonds, except to the extent of the property
or income authorized to be pledged or mortgaged.
[Pre-2007 Higher Education Recodification Citation:
20-12-8-3.]

Indiana § 21-35-3-18 (Limitation on state or institutional liability for indebtedness) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.