Nebraska § 58-255 Authority; bond issuance; state; no obligation; statement

Nebraska Statutes

§ 58-255 — Authority; bond issuance; state; no obligation; statement

Nebraska·Ch. 58 Money and Financing

No bonds issued by the authority under the Nebraska Investment Finance Authority Act shall constitute a debt, liability, or general obligation of this state or a pledge of the faith and credit of this state but shall be payable solely as provided by section  58-254 . Each bond issued under the act shall contain on the face of such bond a statement that neither the faith and credit nor the taxing power of this state is pledged to the payment of the principal of or the interest on such bond.

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No bonds issued by the authority under the Nebraska Investment Finance Authority Act shall constitute a debt, liability, or general obligation of this state or a pledge of the faith and credit of this state but shall be payable solely as provided by section 58-254 . Each bond issued under the act shall contain on the face of such bond a statement that neither the faith and credit nor the taxing power of this state is pledged to the payment of the principal of or the interest on such bond.

Nebraska § 58-255 (Authority; bond issuance; state; no obligation; statement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.