As Amended
SEC. 21-33-513. Payment of bonds; source of funds.
Bonds issued under the provisions of this article shall be payable, both as to principal and interest, solely out of such special taxes levied pursuant to Section 21-33-503(1), and any contributions received by the issuing authority for such purpose, as shall be specified in the resolution authorizing issuance of such bonds, and the full faith and credit of the issuing authority shall not be pledged therefor, and such fact shall be recited on the face of each bond.
SOURCES: Laws, 1993, ch. 573, § 7; Laws, 2000, ch. 459, § 7, HB 844, eff from and after February 12, 2001 (the date the United States Attorney General interposed no objection under Section 5 of the Voting Rights Act of 1965 to the amendment of this section).
PREVIOUS VERSIONS: Pre-2001