Section 13-1116 - Bonds Payable From Receipts of Authority

(a) The bonds of any issue shall be payable solely from the property or receipts of the Authority, including without limitation: (1) Fees, charges, or other revenues payable to the Authority; (2) Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements; (3) Investment earnings from funds or accounts maintained under a bond resolution or trust agreement; (4) Proceeds of refunding bonds; and (5) Any other source authorized by law. (b) The bonds do not constitute a debt, liability, or pledge of full faith and credit of the State and may not be deemed to constitute a debt, liability, or pledge of the full faith and credit of the State.