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.
[Pre-2007 Higher Education Recodification Citation: 20-12-7-3.]
As added by P.L.2-2007, SEC.276.
Structure Indiana Code
Article 35. State Educational Institutions: Revenue Bonds and Other Financing Arrangements
21-35-2-1. Applicability of Chapter
21-35-2-2. Applicable Properties
21-35-2-3. Supplemental Effect of Chapter
21-35-2-4. Prior Contracts Validated
21-35-2-5. Effect of Acts 1977, p.l. 250
21-35-2-7. Authority to Acquire Real and Personal Property
21-35-2-8. Authority to Use Real or Personal Property Acquired
21-35-2-9. Title to Acquired Property
21-35-2-10. Acquisition of Real Property; Approval of Governor; Conveyance and Execution of Deed
21-35-2-11. Issuance and Sale of Bonds
21-35-2-12. Bonds and Interest on Bonds Secured by Pledges or Mortgages
21-35-2-14. Maximum Amount of Bonds
21-35-2-15. Determination of Denomination and Maturation of Bonds; Rates of Interest
21-35-2-16. Bonds and Pledges or Mortgages Made in the Name of the State Educational Institution
21-35-2-17. Liability of State or Institutions for Indebtedness Limited
21-35-2-20. Contracts; Approval of the Budget Agency and Governor