15E.210 - OBLIGATIONS. - Iowa Statutes

15E.210 OBLIGATIONS. The obligations of the corporation are not obligations of this state or any political subdivision of this state within the meaning of any constitutional or statutory debt limitations, but are obligations of the corporation payable solely and only from the corporation's funds. The corporation shall not pledge the credit or taxing power of this state or any political subdivision of this state or make its debts payable out of any moneys except for those of the corporation.          Section History: Recent Form 98 Acts, ch 1207, §11