Sec. 31. (a) Revenue bonds issued under this chapter or under IC 14-6-29 (before its repeal) do not constitute any of the following: (1) A debt of the state or of a political subdivision of the state. (2) A pledge of the faith and credit of the state or a political subdivision of the state. (b) The bonds are payable solely from the revenues pledged for their payment as authorized in this chapter or IC 14-6-29 (before its repeal). [Pre-1995 Recodification Citation: 14-6-29-10(d).]
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.