Indiana § 8-21-9-22 Revenue bonds

Indiana Statutes

§ 8-21-9-22 — Revenue bonds

Indiana § 8-21-9-22

Art. 21AERONAUTICS

Ch. 9Jurisdiction Over Certain Airport Facilities

This text of Indiana § 8-21-9-22 (Revenue bonds) 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 § 8-21-9-22 (2026).

Text

Airport revenue bonds issued under the
provisions of this chapter shall not be deemed to constitute a debt of
the state or of any political subdivision of the state or a pledge of the
faith and credit of the state or of any such political subdivision, but
such bonds shall be payable solely from the funds pledged for their
payment as authorized under this chapter, unless such bonds are
refunded by refunding bonds, issued under this chapter, which
refunding bonds shall be payable solely from funds pledged for their
payment as authorized under this chapter. All such revenue bonds shall
contain on the face of the bonds a statement to the effect that the bonds,
as to both principal and interest, are not an obligation of the State of
Indiana, or of any political subdivision of the state, but are

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Airport revenue bonds issued under the
provisions of this chapter shall not be deemed to constitute a debt of
the state or of any political subdivision of the state or a pledge of the
faith and credit of the state or of any such political subdivision, but
such bonds shall be payable solely from the funds pledged for their
payment as authorized under this chapter, unless such bonds are
refunded by refunding bonds, issued under this chapter, which
refunding bonds shall be payable solely from funds pledged for their
payment as authorized under this chapter. All such revenue bonds shall
contain on the face of the bonds a statement to the effect that the bonds,
as to both principal and interest, are not an obligation of the State of
Indiana, or of any political subdivision of the state, but are payable
solely from revenues pledged for their payment. All expenses incurred
in carrying out this chapter shall be payable solely from funds provided
under the authority of this chapter, and nothing in this chapter
contained shall be construed to authorize the department to incur
indebtedness or liability on behalf of or payable by the state or any
political subdivision of the state.
Formerly: Acts 1971, P.L.105, SEC.2. As amended by Acts
1980, P.L.74, SEC.353; P.L.136-2018, SEC.105.