2010 Mississippi Code
TITLE 41 - PUBLIC HEALTH
Chapter 73 - Hospital Equipment and Facilities Authority Act.
41-73-51 - Authority's bonds do not obligate state; neither faith and credit nor taxing power of state or subdivisions pledged.
§ 41-73-51. Authority's bonds do not obligate state; neither faith and credit nor taxing power of state or subdivisions pledged.
No bonds issued by the authority under this chapter shall constitute a debt, liability or general obligation of the state, or a pledge of the faith and credit of the state, but shall be payable solely as provided by Sections 41-73-43 and 41-73-45. Each bond issued under this chapter shall contain on the face thereof a statement that neither the faith and credit nor the taxing power of the state or any political subdivision thereof is pledged to the payment of the principal of or the interest on such bond.
Sources: Laws, 1983, ch. 493, § 26, eff from and after passage (approved April 11, 1983).
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