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Ind. Code § 21-35-3-18

Limitation on state or institutional liability for indebtedness

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

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Ind. Code § 21-35-3-18, Limitation on state or institutional liability for indebtedness, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1648972
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Sec. 18. Indebtedness, a bond, or an obligation incurred or created under the authority of this chapter may not be or become a lien, charge, or liability against: (1) the state of Indiana; (2) the state educational institution issuing the bonds; or (3) the property or funds of the state or the state educational institution issuing the bonds, except to the extent of the property or income authorized to be pledged or mortgaged.