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2021 Indiana Code
Title 20. Education
Article 49. State Management of Common School Funds; State Advances and Loans
Chapter 4. Advancement From Common School Fund; Buildings; Technology Programs
20-49-4-20. Statutory Construction; Advance Not Treated as Debt of State
Universal Citation: IN Code § 20-49-4-20 (2021)
Sec. 20. An agreement with the state board or state board of finance under section 23 of this chapter to collect and pay over amounts deducted from state tuition support for the benefit of another party is not a debt of the state within the meaning of the limitation on or prohibition against state indebtedness under the Constitution of the State of Indiana.
[Pre-2006 Recodification Citation: 21-1-5-7(b).]
As added by P.L.2-2006, SEC.172.
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