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Code · Wisconsin · Chapter 279 — Lower Fox river remediation authority

279.10 Bonds not public debt.

99 words·~1 min read·/wi/chapter-279/279-10

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279.10 Bonds not public debt.
(1)The state is not liable on bonds of the authority and the bonds are not debt of the state. Each bond of the authority shall contain a statement to this effect on the face of the bond. The issuance of bonds under this chapter does not, directly, indirectly, or contingently, obligate the state or any political subdivision of the state to levy any tax or to make any appropriation for payment of the bonds. The authority may not pledge its full faith and credit to the payment of bonds issued under this chapter.
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