Section 41-10-511 Obligations, bonds and notes not debt of state. - Alabama Statutes

Section 41-10-511

Obligations, bonds and notes not debt of state.

All obligations incurred by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation of the authority, payable solely from the sources which may under the provisions of this article be pledged to the payment thereof. No obligation incurred by the authority and no bond or note issued by it shall create an obligation or debt of the state.

(Acts 1990, No. 90-603, p. 1094, §22.)