Limited obligations.

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  • (1) do not constitute a debt, moral obligation, or liability of the state, or of any county, city, town, school district, or any other political subdivision of the state;
  • (2) do not constitute the loan of credit of the state or of any county, city, town, school district, or any other political subdivision of the state; and
  • (3) may not be paid from funds other than loan payments or lease revenues received from a charter school or other funds pledged by a charter school.




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