Sec. 17. Indebtedness, a bond, or an obligation incurred or created under the authority of this chapter may not be or become:
(1) an indebtedness of or liability against the state of Indiana or a state educational institution; or
(2) a lien or charge against the property or funds of a state educational institution;
except to the extent of the property or income pledged or mortgaged as authorized.
[Pre-2007 Higher Education Recodification Citation: 20-12-7-3.]
As added by P.L.2-2007, SEC.276.
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