Indiana § 8-25-5-15 - State moral obligation not created
Full text of Indiana Indiana Code § 8-25-5-15 — State moral obligation not created, with citation guidance and answers to common questions.
§ 8-25-5-15. State moral obligation not created
Sec. 15. Bonds issued under this chapter do not create a moral obligation of the state to pay all or part of the debt.
As added by P.L.153-2014, SEC.17.
IC 8-25-6Chapter 6. Township Opt-in
8-25-6-1Applicability 8-25-6-2Prerequisites for township opt-in 8-25-6-3Township fiscal body resolution requirements 8-25-6-4Model local public question 8-25-6-5Local public question at general election 8-25-6-6Certification of election returns 8-25-6-7Approval or defeat of local public question 8-25-6-8Effect of defeated local public question 8-25-6-9Conduct of political subdivisions, public officials, and public employees during an election on a local public question 8-25-6-10County fiscal body; township fiscal body in Hendricks County; required to impose taxes on taxpayers residing in a township that opts in to a public transportation project 8-25-6-11Repealed 8-25-6-12Additional tax rate applies only on the county local taxpayers who reside in the township that opts in 8-25-6-13Alternative funding requirements apply 8-25-6-14Bonds payable from tax revenue collected from county local taxpayers who reside in the township that opts in 8-25-6-15Minimum fare box requirements apply
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-25-5-15
What does Indiana Code § 8-25-5-15 cover?
Section 8-25-5-15 ("State moral obligation not created") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 8-25-5-15?
A common citation format is "Indiana Code § 8-25-5-15" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 8-25-5-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.