Indiana § 5-1.2-4-8 Bonds; liability of state

Indiana Statutes

§ 5-1.2-4-8 — Bonds; liability of state

Indiana § 5-1.2-4-8

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

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Bluebook

Ind. Code § 5-1.2-4-8 (2026).

Text

No bonds issued by the authority under this
article shall constitute a debt, liability, or obligation of the state, or a
pledge of the faith and credit of the state, but shall be payable solely as
provided by section 7 of this chapter. Each bond issued under this
article shall contain on its face a statement that neither the faith and
credit nor the taxing power of the state is pledged to the payment of the
principal of or the interest on the bond.

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No bonds issued by the authority under this
article shall constitute a debt, liability, or obligation of the state, or a
pledge of the faith and credit of the state, but shall be payable solely as
provided by section 7 of this chapter. Each bond issued under this
article shall contain on its face a statement that neither the faith and
credit nor the taxing power of the state is pledged to the payment of the
principal of or the interest on the bond.