Indiana Code 8-25-2-10. No moral obligation of the state created
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Sec. 10. Nothing in this article creates a moral obligation of the state:
(2) to pay any bonds issued under this article.
(1) to pay for any transportation project or service or other amounts under this article; or
Terms Used In Indiana Code 8-25-2-10
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
As added by P.L.153-2014, SEC.17.