Indiana Statutes
§ 5-28-23-2 — Debts of business modernization and technology corporation
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 23 Business Modernization and Technology
Debts incurred by the business modernization
and technology corporation under authority of IC 4-3-1 (before its
repeal) do not represent or constitute a debt of the state within the
meaning of the Constitution of the State of Indiana or Indiana statutes.
The corporation may not incur debt under this chapter. However, the
corporation shall assume the debt of the business modernization and
technology corporation that is outstanding on the date the business
modernization and technology corporation is abolished.
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Legislative History
As added by P.L.4-2005, SEC.34.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined