Ind. Code § 21-35-3-18
Limitation on state or institutional liability for indebtedness
As added by P.L.2-2007, SEC.276.
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.
[Pre-2007 Higher Education Recodification Citation: 20-12-8-3.]
As added by P.L.2-2007, SEC.276.