58-255. Authority; bond issuance; state; no obligation; statement.
90 words·~1 min read·
/ne/chapter-58/58-255A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.