Governmental participation in financing

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    (a)    Subject to constitutional limitations, this State and its political subdivisions may:

        (1)    Make grants to the Administration;

        (2)    Guarantee any obligations of the Administration;

        (3)    Make contributions to meet any operating expenses of the Administration; and

        (4)    Contract with the Administration, any lender, or any trustee under an indenture or loan agreement made by the Administration.

    (b)    Unless otherwise authorized by law, the Administration:

        (1)    Does not have any power to impose any commitment or obligation on this State or any of its political subdivisions; and

        (2)    May not levy any tax.


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