Section 21-35-3-18 - Limitation on state or institutional liability for indebtedness 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.