Indiana Code § 8-25-5-15

State moral obligation not created
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Sec. 15. Bonds issued under this chapter do not create a moral obligation of the state to pay all or part of the debt.   IC 8-25-6 Chapter 6. Township Opt-in               8-25-6-1 Applicability             8-25-6-2 Prerequisites for township opt-in             8-25-6-3 Township fiscal body resolution requirements             8-25-6-4 Model local public question             8-25-6-5 Local public question at general election             8-25-6-6 Certification of election returns             8-25-6-7 Approval or defeat of local public question             8-25-6-8 Effect of defeated local public question             8-25-6-9 Conduct of political subdivisions, public officials, and public employees during an election on a local public question             8-25-6-10 County fiscal body; township fiscal body in Hendricks County; required to impose taxes on taxpayers residing in a township that opts in to a public transportation project             8-25-6-11 Repealed             8-25-6-12 Additional tax rate applies only on the county local taxpayers who reside in the township that opts in             8-25-6-13 Alternative funding requirements apply             8-25-6-14 Bonds payable from tax revenue collected from county local taxpayers who reside in the township that opts in             8-25-6-15 Minimum fare box requirements apply

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