Notes shall be payable solely from the revenues pledged thereto, and the owners or holders of the notes may not look to any other source for repayment of the principal of or interest on the notes. In every case, the revenues pledged shall be those which are the subject of appropriation for the current fiscal year and are yet to be credited to the applicable fund. The notes shall not constitute a debt or an indebtedness of the state within the meaning of any applicable provision of the state constitution or statutes.
Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.
Editor's note: This section is similar to former § 24-75-911 as it existed prior to 1986.