Revenue bonds; not debt of state or subdivision; payable solely from money pledged

Ind. Code § 14-13-1-31
in effect
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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).] As added by P.L.1-1995, SEC.6.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/14Fetched: 10/17/2026

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