Sec 36-491.06. Bond obligations of the authority  


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  • All bonds issued pursuant to this article shall be obligations of the authority and payable only in accordance with the terms thereof and shall not be obligations general, special or otherwise of this state. Such bonds shall not constitute a legal debt of this state, and shall not be enforceable against the state, nor shall payment thereof be enforceable out of any funds of the authority other than the income and revenue pledged and assigned to, or in trust for the benefit of, the holder or holders of such bonds.