Liability of state or institutions for indebtedness limited

Ind. Code § 21-34-8-2
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 2. All indebtedness, bonds, or obligations incurred, created, or issued under the authority of this article: (1) are payable solely out of the building facilities fund and the property, fees, income, and funds pledged or mortgaged as authorized; and (2) may not be or become an indebtedness of or liability against the state of Indiana or a state educational institution, except to the extent of the property, fees, income, and funds pledged or mortgaged as authorized. [Pre-2007 Higher Education Recodification Citation: 20-12-6-10.] As added by P.L.2-2007, SEC.275.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements