Notes issued under this chapter shall, with interest thereon, be paid from revenues in anticipation of the collection of which the same were issued and the full faith, credit, resources, and taxing power of the state are hereby pledged to the payment. To further secure the payment of the notes the commissioner may pledge on behalf of the state such collateral as in the discretion of the commissioner may be necessary to effect such borrowing most advantageous to the state.
Section: Previous 43.08.010 43.08.020 43.08.030 43.08.035 43.08.040 43.08.050 43.08.060 NextLast modified: November 15, 2016