1009.9978 Payment of obligations. - Florida Statutes

1009.9978 Payment of obligations.

Obligations issued under the provisions of this act shall not be deemed to constitute a debt or liability of the state or the county or a pledge of the faith and credit of the state or any county, but such obligations shall be payable solely from the funds herein provided therefor from revenues. Each such obligation shall contain on its face a statement to the effect that neither the county nor the authority shall be obligated to pay the same or the interest thereon except from revenues of the loan program for which it is issued and that neither the faith and credit nor the taxing power of the state or of any political subdivision thereof is pledged to the payment of the principal of or the interest on such bonds. The issuance of obligations under the provisions of this act shall not directly, indirectly, or contingently obligate the state or any political subdivision thereof to levy or pledge any form of taxation whatever therefor or to make any appropriation for their payment.

History. s. 506, ch. 2002-387.