Montana Statutes
§ 17-5-1523 — Credit Of State Not Pledged
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.
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Legislative History
En. Sec. 21, Ch. 686, and Sec. 23, Ch. 701, L. 1983.
Nearby Sections
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§ 17-5-1001
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Redemption Of Bonds -- Optional Method§ 17-5-106
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Through 17-5-110 Reserved§ 17-5-1101
Short Title§ 17-5-1102
Definitions§ 17-5-1103
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Records -- No Public Inspection -- Locations