Indiana § 8-15.7-9-4 Bonds or notes not a debt of the state

Indiana Statutes

§ 8-15.7-9-4 — Bonds or notes not a debt of the state

Indiana § 8-15.7-9-4

Art. 15.7PUBLIC-PRIVATE PARTNERSHIPS

Ch. 9Issuance of Debt by Authority

This text of Indiana § 8-15.7-9-4 (Bonds or notes not a debt of the state) 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 § 8-15.7-9-4 (2026).

Text

The bonds or notes issued under this chapter:

(1)constitute the corporate obligations of the authority;

(2)do not constitute an indebtedness of the state within the meaning or application of any constitutional provision or limitation; and

(3)are payable solely as to both principal and interest from:

(A)the revenues from a lease to the department, if any;

(B)proceeds of bonds or notes, if any;

(C)investment earnings on proceeds of bonds or notes; or

(D)other funds available to the authority for such purpose.

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The bonds or notes issued under this chapter:
(1) constitute the corporate obligations of the authority;
(2) do not constitute an indebtedness of the state within the
meaning or application of any constitutional provision or
limitation; and
(3) are payable solely as to both principal and interest from:
(A) the revenues from a lease to the department, if any;
(B) proceeds of bonds or notes, if any;
(C) investment earnings on proceeds of bonds or notes; or
(D) other funds available to the authority for such purpose.