Indiana Statutes
§ 4-10-14-1 — Loans; expenditures for improvements; authorization by act of general assembly; violations
Indiana § 4-10-14-1
JurisdictionIndiana
Art. 10STATE FUNDS GENERALLY
Ch. 14State Institutions─Borrowing Money and Expenditures
This text of Indiana § 4-10-14-1 (Loans; expenditures for improvements; authorization by act of general assembly; violations) 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 § 4-10-14-1 (2026).
Text
(a)A trustee on a board of trustees of any
benevolent, scientific, or educational institution, or any correctional
facility of the state, shall not:
(1)borrow money upon the credit of the state;
(2)contract any indebtedness on the credit of the state; or
(3)make expenditures for improvements for an institution or
correctional facility in any way;
unless the loan or expenditure of money is first authorized by an act of
the general assembly.
(b)A trustee who violates this section:
(1)commits a Class C infraction; and
(2)forfeits the trustee's office.
Formerly: Acts 1875, c.4, s.1. As amended by P.L.12-1996,
SEC.1; P.L.215-2016, SEC.65.
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Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency complianceCite This Page — Counsel Stack
Bluebook (online)
Indiana § 4-10-14-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/4-10-14-1.