Ala. Code § 22-21-151

Current through the 2024 Regular Session.
Section 22-21-151 - Obligations not debt of state or municipality

All obligations incurred by the authority and all bonds issued by it shall be solely and exclusively an obligation of the authority and shall not create an obligation or debt of the State of Alabama or of the municipality.

Ala. Code § 22-21-151 (1975)

Acts 1961, No. 109, p. 134, §20.