No bond, note, coupon or other obligation issued pursuant to the provisions of this chapter shall ever constitute a debt of the State within the meaning of any State constitutional or statutory provision and each bond shall recite on its face that it is payable solely from the revenues pledged to the payment thereof and that it does not constitute a debt of the State. HISTORY: 1962 Code Section 51-250; 1952 Code Section 51-250; 1942 Code Section 3284-5; 1940 (41) 1785.
South Carolina Legal Code