Section 22-23A-17 Bonds, notes and certificates not debt of state. - Alabama Statutes

Section 22-23A-17

Bonds, notes and certificates not debt of state.

All bonds, notes and certificates issued by the authority shall be solely and exclusively obligations of the authority, payable solely from the revenues, income, fees or charges which may pursuant to the provisions of this chapter, be pledged to the payment thereof, and no such bonds, notes or certificates shall create an obligation or debt of the state.

(Acts 1988, 1st Ex. Sess., No. 88-857, p. 338, §17.)