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2011 Utah Code
Title 53A State System of Public Education
Chapter 20b State Charter School Finance Authority Act
Section 105 Limited obligations.

53A-20b-105. Limited obligations.
Bonds, notes, and other obligations issued by the authority:
(1) do not constitute a debt, moral obligation, or liability of the state, or of any county, city, town, school district, or any other political subdivision of the state;
(2) do not constitute the loan of credit of the state or of any county, city, town, school district, or any other political subdivision of the state; and
(3) may not be paid from funds other than loan payments or lease revenues received from a charter school or other funds pledged by a charter school.

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