# Ind. Code § 5-1.2-4-8: Bonds; liability of state

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-8

## Section

- **Citation:** Ind. Code § 5-1.2-4-8
- **Heading:** Bonds; liability of state
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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.

## Nearby sections

- [Ind. Code § 5-1.2-4-1 Powers of Indiana finance authority](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-1.md)
- [Ind. Code § 5-1.2-4-2 Prohibited activities](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-2.md)
- [Ind. Code § 5-1.2-4-3 Issuance of bonds or notes; failure to pay obligations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-3.md)
- [Ind. Code § 5-1.2-4-4 Additional authority powers; capital improvements; northwest Indiana regional development authority; motorsports investment district; local innovation development district](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-4.md)
- [Ind. Code § 5-1.2-4-5 Requirements; establishment of terms governing reserves or funding levels](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-5.md)
- [Ind. Code § 5-1.2-4-6 Power to borrow money and issue bonds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-6.md)
- [Ind. Code § 5-1.2-4-7 Bonds; liability of authority; pledges as additional security](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-7.md)
- [Ind. Code § 5-1.2-4-8 Bonds; liability of state](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-8.md)
- [Ind. Code § 5-1.2-4-9 Bonds; issuance; procedure; terms](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-9.md)
- [Ind. Code § 5-1.2-4-10 Bonds; authorized provisions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-10.md)
- [Ind. Code § 5-1.2-4-11 Bonds; issue to renew or pay bonds; refund](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-11.md)
- [Ind. Code § 5-1.2-4-12 Pledges](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-12.md)
- [Ind. Code § 5-1.2-4-13 Bonds; purchase by authority](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-13.md)
- [Ind. Code § 5-1.2-4-14 Bonds; trust agreement or indenture](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-8. Check the current official text before relying on it. Not legal advice.