Section 11-9-36 - Bonds payable only from special fund

11-9-36. Bonds payable only from special fund.Tax increment bonds are payable only out of the special fund created under §11-9-31. Each bond must state that the bond is only payable out of the special fund and that the bond does not constitute a general indebtedness of the political subdivision or a charge against the general taxing power of the political subdivision. Source: SL 1978, ch 91, §§21, 24; SL 1983, ch 37, §10; SL 2011, ch 73, §13; SL 2018, ch 70, §37; SL 2024, ch 45, §16.