49-1263. Bond obligations of the authority
Bonds issued under this article are obligations of the water infrastructure finance authority of Arizona, are payable only according to their terms and are not obligations general, special or otherwise of this state. The bonds do not constitute a legal debt of this state and are not enforceable against this state. Payment of the bonds is not enforceable out of any state monies other than the income and revenue pledged and assigned to, or in trust for the benefit of, the holder or holders of the bonds.
Section: Previous 49-1242 49-1243 49-1244 49-1245 49-1246 49-1261 49-1262 49-1263 49-1264 49-1265 49-1266 49-1267 49-1268 49-1269 49-1271 NextLast modified: October 13, 2016