As Amended
SEC. 49-17-191. Bonds not to be obligations of the state.
Bonds issued under the provisions of sections 49-17-161 through 49-17-209 shall not be deemed to constitute, within the meaning of any constitutional or statutory limitation, a debt, liability or obligation of the state, nor shall such bonds constitute a pledge of the full faith and credit of the state, but shall be payable solely from the revenues or assets of the district pledged therefor. Each bond issued under sections 49-17-161 through 49-17-209 shall contain on the face thereof a statement to the effect that the district shall not be obligated to pay the same nor the interest thereon except from the revenues or assets pledged therefor and that neither the full faith and credit and nor the taxing power of the state is pledged to the payment of the principal of or the interest on such bonds.
SOURCES: Laws, 1980, ch. 519, Sec. 16, eff from and after passage (approved May 20, 1980).