Alabama Statutes
§ 22-23A-17 — Bonds, Notes and Certificates Not Debt of State
Alabama·Title 22 Health, Mental Health, and Environmental Control·Ch. 23A Alabama Water System Assistance Authority
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.
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Legislative History
(Acts 1988, 1st Ex. Sess., No. 88-857, p. 338, §17.)
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