Section 583. State and county not liable on bonds or notes  


Latest version.
  • The bonds,
      notes, and other obligations of the authority shall not be  a  legal  or
      moral debt of the state, nor a legal debt of the county, and neither the
      state  nor  the  county  shall  be liable thereon, nor shall the same be
      payable out of any funds other than those of the authority,  unless  the
      county  voluntarily  and  formally assumes liability therefor. No recent
      action by the state in recognizing any legal or moral obligation for any
      indebtedness of any other authority shall in any  way  be  construed  as
      creating any liability for any indebtedness of this authority.