Ind. Code § 21-35-2-17

Current through P.L. 171-2024

Section 21-35-2-17 - Liability of state or institutions for indebtedness limited

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.

IC 21-35-2-17

Pre-2007 Higher Education Recodification Citation: 20-12-7-3.

As added by P.L. 2-2007, SEC.276.