nds or notes issued under the provisions of this Chapter shall not be deemed to constitute a debt, liability or obligation of the Territory or of any political subdivision thereof or a pledge of the faith and credit of

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the Territory or of any such political subdivision, but shall be payable solely from the revenues and other funds provided therefor. Each bond or note issued under this Chapter shall contain on the face thereof a state- ment to the effect that the Board shall not be obligated to pay the same nor the interest thereon except from the revenues and other funds pledged therefor and that neither the faith and credit nor the taxing power of the Territory or of any political subdivision thereof is pledged to the payment of the principal of or the interest on such bond or note.
Expenses incurred by the Board in carrying out the provisions of this Chapter may be made payable from funds provided pursuant to, or made available for use under this Chapter and no liability shall be incurred by the Board hereunder beyond the extent to which moneys shall have been so provided.

SOURCE: GC §53608.08, as added by P.L. 12-69.