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Indiana Code Title 4. State Offices and Administration § 4-10-14-1

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 1. (a)  A trustee on a board of trustees of any benevolent, scientific, or educational institution, or any correctional facility of the state, shall not:

(1) borrow money upon the credit of the state;  

(2) contract any indebtedness on the credit of the state;  or

(3) make expenditures for improvements for an institution or correctional facility in any way;

unless the loan or expenditure of money is first authorized by an act of the general assembly.

(b) A trustee who violates this section:

(1) commits a Class C infraction;  and

(2) forfeits the trustee's office.

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-10-14-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-10-14-1/

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