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Ind. Code § 21-35-2-17

Liability of state or institutions for indebtedness limited

Indiana · Indiana Code Title 21 — Higher Education · Status: effective

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Ind. Code § 21-35-2-17, Liability of state or institutions for indebtedness limited, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1648947
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Sec. 17. Indebtedness, a bond, or an obligation incurred or created under the authority of this chapter may not be or become: (1) an indebtedness of or liability against the state of Indiana or a state educational institution; or (2) a lien or charge against the property or funds of a state educational institution; except to the extent of the property or income pledged or mortgaged as authorized.