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Statute 2 4224 — Nebraska Law | CourtGPT
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Nebraska Legal Code

Statute 2 4224

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2-4224. Bond issuance; not obligation of state; statement required.No bonds issued by the corporation under sections 2-4201 to 2-4246 shall constitute a debt, liability, or general obligation of this state, or a pledge of the faith and credit of this state, but shall be payable solely as provided by section 2-4223. Each bond issued under sections 2-4201 to 2-4246 shall contain on the face thereof a statement that neither the faith and credit nor the taxing power of this state is pledged to the payment of the principal of or the interest on such bond.Source Laws 1981, LB 385, § 24.