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 § 21-35-3-18

Title 21HIGHER EDUCATION

Art. 35STATE EDUCATIONAL INSTITUTIONS:

Ch. 3Acquisition of Certain Support Facilities and Research

This text of Indiana § 21-35-3-18 (Limitation on state or institutional liability for indebtedness) 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 § 21-35-3-18 (2026).

Text

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.]

Free access — add to your briefcase to read the full text and ask questions with AI

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.]