Idaho § 33-3810 BONDS AND OTHER DEBT NOT OBLIGATIONS OF STATE — PAYABLE ONLY FROM PLEDGED REVENUE

Idaho Statutes

§ 33-3810 — BONDS AND OTHER DEBT NOT OBLIGATIONS OF STATE — PAYABLE ONLY FROM PLEDGED REVENUE

Idaho·Title 33 EDUCATION·Ch. 38 STATE INSTITUTIONS OF HIGHER EDUCATION BOND ACT

All bonds issued and other debt incurred pursuant to this act shall be exclusively obligations of the institution issuing such bonds or incurring such other debt payable only in accordance with the terms thereof and shall not be obligations general, special or otherwise of the state of Idaho. Such bonds or other debt incurred shall not constitute a debt, legal or moral or otherwise of the state of Idaho, shall so recite on their face or on the first page of any evidence of indebtedness, and shall not be enforceable against the state, nor shall payment thereof be enforceable out of any funds of the institution issuing said bonds or incurring such other debt other than the income and revenues, if any, pledged and assigned to, or in trust for the benefit of, the holder or holders of such bond

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All bonds issued and other debt incurred pursuant to this act shall be exclusively obligations of the institution issuing such bonds or incurring such other debt payable only in accordance with the terms thereof and shall not be obligations general, special or otherwise of the state of Idaho. Such bonds or other debt incurred shall not constitute a debt, legal or moral or otherwise of the state of Idaho, shall so recite on their face or on the first page of any evidence of indebtedness, and shall not be enforceable against the state, nor shall payment thereof be enforceable out of any funds of the institution issuing said bonds or incurring such other debt other than the income and revenues, if any, pledged and assigned to, or in trust for the benefit of, the holder or holders of such bonds or other evidence of indebtedness.

Idaho § 33-3810 (BONDS AND OTHER DEBT NOT OBLIGATIONS OF STATE — PAYABLE ONLY FROM PLEDGED REVENUE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.