Bonds; liability of state
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Indiana Code › Title 5 › Article 1.2 › Chapter 4 › Section 5-1.2-4-8
Text
Sec. 8. No bonds issued by the authority under this article shall constitute a debt, liability, or obligation of the state, or a pledge of the faith and credit of the state, but shall be payable solely as provided by section 7 of this chapter. Each bond issued under this article shall contain on its face a statement that neither the faith and credit nor the taxing power of the state is pledged to the payment of the principal of or the interest on the bond.
As added by P.L.189-2018, SEC.25.
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