Nebraska Statutes 3-712. Bonds; not debt of State of Nebraska or political subdivision
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The bonds, notes, and other obligations of a joint authority shall not be a debt of the State of Nebraska or of the political subdivisions creating or otherwise interested in such joint authority, and neither the state nor any such political subdivision shall be liable thereon, nor shall such bonds be payable out of any funds other than funds of the joint authority issuing the same.
Source
- Laws 1969, c. 24, § 12, p. 216.
Terms Used In Nebraska Statutes 3-712
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801