39-8110. LIMITATION OF LIABILITY — NOTES AND BONDS ARE NOT A DEBT OF THE STATE. The notes, bonds or other obligations of the financing authority are not an indebtedness or obligation of the state of Idaho, or of any department, board, commission, agency, political subdivision, body corporate and politic, or instrumentality of a municipality or county within the state, nor shall such notes, bonds or obligations of the financing authority constitute the giving or loaning of the credit of the state of Idaho, or of any department, board, commission, agency, political subdivision, body corporate and politic or instrumentality of a municipality or county within the state, nor shall they be payable out of any funds other than those of the financing authority; and the notes and bonds shall contain on the face thereof a statement to that effect.
History:
[39-8110, added 2001, ch. 371, sec. 2, p. 1307.]
Structure Idaho Code
Chapter 81 - BASIN ENVIRONMENTAL IMPROVEMENT ACT
Section 39-8101 - SHORT TITLE.
Section 39-8102 - POLICY OF STATE.
Section 39-8103 - DEFINITIONS.
Section 39-8105 - GOVERNOR SHALL REQUEST RECIPROCAL LEGISLATION OR RESOLUTION.
Section 39-8107 - BASIN FUND AND FINANCING AUTHORITY — ESTABLISHMENT — ADMINISTRATORS — POWERS.
Section 39-8108 - FINANCING AUTHORITY MAY ISSUE NOTES AND BONDS — RELATED POWERS AND DUTIES.
Section 39-8109 - NOTES AND BONDS — STATE WILL NOT IMPAIR VESTED RIGHTS.
Section 39-8110 - LIMITATION OF LIABILITY — NOTES AND BONDS ARE NOT A DEBT OF THE STATE.
Section 39-8111 - STATE MAY MAKE GRANTS TO FINANCING AUTHORITY.
Section 39-8112 - NOTES AND BONDS OF FINANCING AUTHORITY ARE LEGAL INVESTMENTS.
Section 39-8113 - NOTES AND BONDS OF FINANCING AUTHORITY ARE TAX EXEMPT.
Section 39-8114 - CHAPTER NOT A LIMITATION OF POWERS.
Section 39-8115 - INCONSISTENT LAWS — THIS CHAPTER CONTROLS.