Mont. Code § 17-5-1523

Current through the 2023 Regular Session
Section 17-5-1523 - Credit of state not pledged

Obligations issued under the provisions of this part do not constitute a debt, liability, obligation, or pledge of the faith and credit of the state but are payable solely from the revenues or assets of the board. An obligation issued under this part must contain on the face thereof a statement to the effect that the state of Montana is not liable on the obligation, the obligation is not a debt of the state, and neither the faith and credit nor the taxing power of the state is pledged to the payment of the principal or interest on the obligation.

§ 17-5-1523, MCA

En. Sec. 21, Ch. 686, and Sec. 23, Ch. 701, L. 1983.