{"data":{"id":"us-in/ic-8-15.7-9-4","jurisdiction":"us-in","citation":"IC 8-15.7-9-4","heading":"Bonds or notes not a debt of the state","body":"Sec. 4. The bonds or notes issued under this chapter:\n(1) constitute the corporate obligations of the authority;\n(2) do not constitute an indebtedness of the state within the meaning or application of any constitutional provision or limitation; and\n(3) are payable solely as to both principal and interest from:\n(A) the revenues from a lease to the department, if any;\n(B) proceeds of bonds or notes, if any;\n(C) investment earnings on proceeds of bonds or notes; or\n(D) other funds available to the authority for such purpose.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 15.7. PUBLIC-PRIVATE PARTNERSHIPS","Chapter 9. Issuance of Debt by Authority"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-15.7-9-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"7dcf187220a684732441d730bb29c31b9fb1ee9d4ab65e973da5e3315e1f54bc","source_id":"us-in","stale":false,"prev":"us-in/ic-8-15.7-9-3","next":"us-in/ic-8-15.7-10-1"},"notice":"GroundRules: Original legal text. Not legal advice."}