Bonds not general obligation of the state

Ind. Code § 5-1.2-9-21, under Chapter 9. Economic Development Projects.

Ind. Code § 5-1.2-9-21

Sec. 21. Bonds issued to fund a program under this chapter are not in any respect a general obligation of the state, nor are they payable in any manner from revenues raised by taxation. As added by P.L.189-2018, SEC.25.