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State System of Public Education | |
State Charter School Finance Authority Act | |
Section 105 | Limited obligations. |
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53A-20b-105. Limited obligations. Bonds, notes, and other obligations issued by the authority: (1) do not constitute a debt, moral obligation, or liability of the state, or of any county, city, town, school district, or any other political subdivision of the state; (2) do not constitute the loan of credit of the state or of any county, city, town, school district, or any other political subdivision of the state; and (3) may not be paid from funds other than loan payments or lease revenues received from a charter school or other funds pledged by a charter school.
Enacted by Chapter 167, 2007 General Session |
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